API: US oil, gasoline inventories swelled last week


US crude oil and natural gas stockpiles gained 2.3 million barrels and 600,000 barrels, respectively, last week, while distillate supplies lost 1.5 million barrels, the American Petroleum Institute reported. Analysts and traders expect Energy Information Administration data due out today to show a 800,000-barrel drop in US crude inventories for last week.

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