API data reportedly show a weekly decline in U.S. crude supplies, but product stocks rise

API data reportedly show a weekly decline in U.S. crude supplies, but product stocks rise
·1 min read

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 747,000 barrels for the week ended Nov. 26, according to sources. The API also reportedly showed weekly inventory increases of 2.2 million barrels for gasoline and 800,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub, meanwhile, rose by 1 million barrels last week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the E

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