Investing.com - Crude inventories in the U.S. dropped a more than expected 1.83 million barrels at the end of last week, the American Petroleum Institute (API) said Tuesday, for the third decline in the past three months.
Gasoline stocks down by 2.56 million barrels and distillates showing a decline of 2.09 million barrels, also down more than levels seen in estimates that expected crude inventories dropped by 435,000 barrels and distillates eased by 1.016 million barrels and gasoline supplies fell 1.422 million barrels.
Official data from the U.S. Energy Information Administration (EIA) is due on Wednesday morning.