Investing.com - U.S. crude inventories fell a more than expected 4.16 million barrels at the end of last week, the American Petroleum Institute (API) said Tuesday, with gasoline supplies showing a surprise draw of 1.93 million barrels and distillates fell 440,000 barrels.
Supplies at the oil storage hub of Cushing, Oklahoma, eased 220,000 barrels.
The industry figures are followed Wednesday by official data from the Energy Information Administration (EIA). The two sets of figures often diverge and have in the past two weeks whipsawed the market.
Analysts expect crude oil inventories dropped 2.160 million barrels at the end of last week, while distillates rose by 600,000 barrels and gasoline supplies increased by 700,000 barrels.