Investing.com - Crude inventories fell by 530,000 barrels in the U.S. at the end of last week, the American Petroleum Institute (API) reported on Tuesday, below expectations. Refined products also eased more than seen as gasoline supplies fell by 3.88 million barrels, building on a 4.96 million barrels draw the previous week, and distillates dropped 4.07 million barrels.
The figures are followed on Wednesday by official data from the U.S. Energy Information Administration (EIA) expected to show a 3.2 million barrel gain in crude stocks, while gasoline supplies fell by 1.98 million barrels and distillates declined 1.5 million barrels at the end of last week.
The Cushing, Oklahoma, oil hub saw inventories up 2.06 million barrels for the week.