The American Petroleum Institute said that crude oil stocks fell by 3.8 million barrels for the week ending June 24.
The weekly data of the American Institute revealed that gasoline stocks rose by 2.9 million barrels last week, and distillate stocks increased by 2.6 million barrels.
The US Energy Information Administration is scheduled to release, on Wednesday, stockpile data for the two weeks ending June 17 and 24, after postponing the release of data for the week before last. Due to technical problems.
Oil prices rose when they settled on Tuesday, as Brent crude futures for August delivery rose 2.5% to $117.98 a barrel, and the price of Brent crude for August delivery also increased. US NYMEX crude increased by 2% to $111.76.
