Oil Stockpiles Fall and Product Inventories Increase, API Says
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Crude oil inventories declined 4.43 million barrels to 334.5 million last week, the American Petroleum Institute said.
Distillate fuel inventories rose 5.25 million barrels to 145.4 million, the API’s weekly report showed. The gain was the largest since July 2008. Gasoline stockpiles rose 3.38 million to 219.1 million.