By Yasin Ebrahim
Investing.com – U.S. oil stockpiles climbed last week on rising gasoline inventories as lockdown measures in parts of the U.S. to curb the virus kept a lid on fuel demand.
rose by 3.8 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a build of 4.2 million barrels the previous week. Gasoline inventories rose by 1.3 million barrels.
, the U.S. benchmark for oil rose 4.3% after settling higher at $44.911 per barrel.
The build comes a day ahead of the official government report expected to show weekly U.S. crude supplies increased by about 0.13 million barrels last week.
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