Commodities Buzz: US stockpiles rise 3.7 million barrels, say API

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.719 million barrels in the week ending April 3. In the week prior, US crude oil inventories rose by 10.263 million barrels. Gasoline inventories fell this week by 4 million barrels in the week ending April 3. In the week prior, gasoline inventories fell by 3.209 million barrels. Distillate inventories also fell, by 600,000 barrels, after shedding 1.04 million barrels in the week prior.

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