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API data reportedly show a more than 5 million-barrel weekly climb in U.S. crude supplies

API data reportedly show a more than 5 million-barrel weekly climb in U.S. crude supplies

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The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 5.2 million barrels for the week ended Oct. 8, according to sources. The API, which released its report a day later than usual because of Monday’s Columbus Day holiday, also reportedly showed inventory declines of 4.6 million barrels for gasoline and 2.7 million barrels for distillates.

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