Crude stocks down 8.5m barrels, gasoline and distillate stocks rise: API

London (Quantum Commodity Institute) - US crude stocks drew heavily while gasoline and distillate stocks climbed last week, according to sources citing the American Petroleum Institute.

Crude stocks fell by 8.5 million barrels for the week ended June 10.

Gasoline stocks climbed by 2.9 million barrels and distillate stocks rise by 2 million barrels.

The more influential US Energy Information Administration will release its weekly statistics at 1530 UK time.