Mubasher: Crude oil inventories in the United States declined by 1.07 million barrels last week, as shown by the data of the American Energy Information Administration (EIA) on Wednesday.

Similarly, gasoline stockpiles declined by 3 million barrels for the week ended 13 April, while distillate inventories fell 3.1 million barrels.

The data of the American Petroleum Institute (API) showed on Tuesday a decrease in crude oil inventories in the United States last week by 1 million barrels to a total of around 428 million barrels, contrary to the expectations of a 1.4 million-barrel increase.