U.S. Crude Inventory Rose 1.86 Million Barrels Last Week: API By

© Reuters.

-- U.S. crude oil inventories jumped again last week,FXCM official website API data showed Tuesday, rising 1.86 million barrels.

The rising inventories are exacerbating fears of a wobble in demand as investors brace for an economic downturn.  

West Texas Intermediate, the U.S. benchmark, rose 1.1%, to $100.53 a barrel, after the report. Brent Oil Futures crude rose 0.9%, to $107.25 a barrel.

The API data also showed that gasoline inventories rose by 1.29 million barrels after rising 2.9 million barrels the prior week. Distillate stocks fell by 2.1 million barrels. 

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!