The Energy Information Administration reported today that the US crude inventories fell 400K barrels to 426.5 million barrels during the past week, while analysts forecast a rise by 2 million barrels.
Gasoline stocks fell 5.4 million barrels to 217.7 million barrels, and the distillate stocks fell 3.9 million barrels to 125.4 million barrels.
While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories rose 3.3 million barrels during the same period.