US Oil and Gasoline Inventories Declined Last Week

Market sources reported on Tuesday, citing data from the American Petroleum Institute, that US crude oil and gasoline inventories decreased last week.

The sources indicated that crude oil stocks declined by 399,000 barrels for the week ending July 3, according to Reuters.

They added that gasoline inventories fell by 2.93 million barrels, while distillate stocks decreased by 1.8 million barrels compared to the previous week.