US gasoline stocks up 5.6 million barrels, says API

London (Quantum Commodity Intelligence) - Gasoline stocks in the US rose a hefty 5.6 million barrels last week, according to reports citing American Petroleum Institute data.

The rise compares with expectations of a 400,000 barrel draw in a poll of analysts by Reuters.

The huge stock build over the week to May 7 occurred before hackers launched a cyber-attack on the Colonial pipeline.

US crude stocks drew 2.5 million barrels over the same week, slightly more than forecasts of a 2.3-million barrel fall.

Distillate stocks also fell 872,000 barrels, slightly less than expectations of a 1-million barrel fall.