Oil Inventories Jump by 5.2M Barrels Last Week: API By Investing.com – Investing.com

Oil Inventories Jump by 5.2M Barrels Last Week: API By Investing.com – Investing.com

By Yasin Ebrahim

Investing.com - U.S. crude stockpiles rose more than expected last week, while gasoline supplies dropped sharply at a time when demand is expected to remain elevated.           

, the benchmark traded at $80.59 a barrel on the news, after settling up 0.25% at $80.44 a barrel.