US crude oil inventories fall as gasoline and distillate stocks rise
US crude oil inventories declined last week, while gasoline and distillate stocks increased, according to the American Petroleum Institute.
Key Takeaways
AIData from the American Petroleum Institute showed a decrease in US crude oil inventories last week.
Crude stocks fell by 2.03 million barrels in the week ending October 23.
In contrast, gasoline inventories rose by 2.39 million barrels during the same period.
Distillate stocks also increased by about 426,000 barrels compared to the previous week.