API: U.S. crude inventories unexpectedly rose by about 1.6 million barrels last week

According to foreign news on September 26, data released by the American Petroleum Institute (API) on Tuesday showed that U.S. crude oil inventories rose last week, while gasoline and distillate inventories fell. Crude oil inventories increased by approximately 1.6 million barrels in the week ended September 22. Gasoline inventories fell by 70,000 barrels, and distillate inventories fell by about 1.7 million barrels. Analysts had expected that…