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US crude inventories fall nearly 8 million barrels - API
The American Petroleum Institute (API) revealed today in preliminary data that the US crude inventories fell by about 6.8 million barrels during the past week, beating expectations of a drop by 1.2 million barrels.
The gasoline inventories rose 1.1 million barrels, and the distillate inventories rose 187,000 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.
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