Institute of Petroleum data shows a decline in US oil stocks and an increase in fuel stocks

Sources told Reuters, citing figures from the American Petroleum Institute, that oil stocks in the United States fell last week, while fuel stocks rose.

According to the sources, data from the Petroleum Institute showed that crude stocks fell by 3.8 million barrels during the week ending June 24, while gasoline stocks rose by 2.9 million barrels.

Distillate stocks, which include diesel and heating oil, increased by about 2.6 million barrels.

The markets are awaiting government data on petroleum stocks after postponing official figures last week due to computer software problems.