Mumbai, May 8 -- Crude oil inventories in the United States rose by 509,000 barrels for the week ending May 3, according to The American Petroleum Institute (API). For the week prior, the API reported a 4.906 million barrel build in crude inventories. It marked the smallest weekly gain in crude oil inventories since early March, while the market expected a 1.43 million barrels draw. Gasoline inventories rose last week by 1.46 million barrels, countering last week's 1.48 million barrel drop.
Published by HT Digital Content Services with permission from Capital Market....