US crude and distillate inventories fall
US crude inventories fell by 1.9 million barrels last week due to higher exports and demand. Meanwhile, gasoline stockpiles rose unexpectedly while distillate supplies declined further.
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United States crude inventories fell by 1.9 million barrels to 410.6 million barrels last week as strong demand drained supplies. The drop defied analyst expectations for an increase, tightening domestic markets. Global energy prices held onto gains following the report amid constrained stockpiles.
