API says crude stocks fell 2.2 million barrels last week

Investing.com – The American Petroleum Institute (API) said late Tuesday that crude oilinventories in the U.S. fell 2.2 million barrels last week, building on a 720,000 barrel decline the previous week.

Gasoline inventories rose 830,000 barrels and distillate jumped 4.1 million barrels, the largest build in more than two months. Cushing also recorded a major increase of 4.0 million barrels.

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