Oil prices rallied on Tuesday after China stepped up efforts to support its battered economy. China imported more crude than any other country last year, so its bid to support growth could help ease t ...
U.S. crude oil and distillate stockpiles were expected to have fallen last week, while gasoline inventories likely rose, a preliminary Reuters poll showed on Monday.
U.S. crude oil inventories rose for the first time in four weeks, and gasoline and distillate stocks increased amid lower demand, according to EIA data.