Crude oil inventories in the United States reportedly increased by 2.4 million barrels in the week that ended on April 11, American Petroleum Institute's (API) private data reportedly showed on Tuesday.

At the same time, reserves in Cushing, Oklahoma were down by 349,000 barrels. Gasoline stockpiles also decreased by 3 million barrels and distillate inventories fell by 3.2 million barrels, the API data allegedly revealed.