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US crude oil inventories fall

US crude oil inventories fall
Gasoline stocks increased by 2 million barrels - (Photo Credit: Arabianeye-Reuters)

Mubasher: US crude oil inventories decreased, according to data revealed by the Unites States Energy Information Administration on Wednesday.

The US oil stocks went down by 1.88 million barrels during the week ended 23 September, compared to a 6.2 million barrels decline in the week before, despite a forecasted 2.99 million barrels increase.

The American Petroleum Institute (API) reported on Tuesday a 752,000 barrel decrease in inventories last week.

Gasoline stocks increased by 2 million barrels, while distillate inventories fell by 1.9 million barrels.