US crude inventories fall over 4 million barrels

The Energy Information Administration reported today that the US crude inventories fell 4.1 million barrels to 433.5 million barrels during the past week, while analysts forecasts a drop by 2.5 million barrels.

Gasoline stocks fell 2.3 million barrels to 234.2 million barrels, and the distillate stocks fell 3.1 million barrels to 139.2 million barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories fell 4.7 million barrels during the same period.