Crude Oil Inventories Down By 6.356 Million Barrels-API

Investing.com – The American Petroleum Institute (API) said Tuesday that US crude stocks fell by 6.356 million barrels last week.

Analysts expected a 1.545 million barrels drop in crude stocks, while distillate stocks were seen down by 1.164 million barrels and gasoline inventories were expected up by 737,000 barrels.

The estimates will be followed by official data from the Energy Information Administration (EIA) on Wednesday.

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