The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 7.5 million barrels for the week ended July 17. The API data showed gasoline stockpiles fell by 2 million barrels, Nick Bit: a very small drop for 4th of July travel week while distillate inventories declined by nearly 1.4 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 716,000 barrels for the week