API Says US Crude Stocks Fell 4.992 Million Barrels Last Week

Investing.com – The American Petroleum Institute said Wednesday that US stocks fell 4.992 million barrels last week, below an expected decline of 5.148 million barrels seen.

Gasoline inventories rose 1.827 million barrels compared to a gain of 2.182 million barrels seen. Distillate stocks gained 4.272 million barrels, compared to a build of 477,000 barrels expected.

The estimates will be followed by official data from the Energy Information Administration on Thursday in the US.

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