MW: Crude stocks rose 89,000 barrels last week: API
By Polya Lesova
NEW YORK (MarketWatch) -- Crude oil stocks rose by 89,000 barrels during the week ended Dec. 12, American Petroleum Institute (API) reported Wednesday. In a separate report, the U.S. Energy Information Administration reported that U.S. crude supplies rose by 500,000 barrels last week. API also reported that motor gasoline stocks fell by 1.6 million barrels last week and distillate stocks dropped by 597,000 barrels. In very volatile trading, January crude rose 62 cents to $44.27 a barrel on Globex.
