API: U.S. crude inventories unexpectedly rose by about 3.6 million barrels last week

foreign news on may 16, data released by the american petroleum institute (api) on tuesday showed that us crude oil inventories increased last week, while gasoline and distillate inventories decreased. in the week ended may 12, crude oil inventories rose by about 3.6 million barrels, gasoline inventories fell by 2.5 million barrels and distillate inventories fell by 886,000 barrels. analysts had forecast that crude oil inventories…