US crude inventories fall over 2 million barrels - API

The American Petroleum Institute reported today in preliminary data that the US crude inventories fell 2.1 million barrels during the past week, while analysts forecaste a drop by 4.1 million barrels.

Gasoline stocks rose 2.4 million barrels, and the distillate stocks rose 3.8 million barrels.

While the Energy Information Administration will release its official report on Wednesday, which affects price movements.