The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories fell by about 0.5 million barrels during the last week, to fall short of expectations of an increase by 1 million barrels.
The gasoline inventories rose by 2.3 million barrels, and the distillate inventories rose by 800K barrels during the same period.
While the Energy Information Administration (EIA) will release the official data on Wednesday, which have a significant impact on oil prices movement.