API: U.S. crude inventories unexpectedly rise by 3.6 million barrels last week

Foreign news on May 9, data released by the American Petroleum Institute (API) on Tuesday showed that crude oil and gasoline inventories unexpectedly increased last week, while distillate inventories decreased. U.S. crude oil inventories rose by about 3.6 million barrels in the week ended May 5, gasoline inventories rose by 399,000 barrels and distillate inventories…