According to the American Petroleum Institute (API), U.S. crude oil inventories declined by 9.8 million barrels last week, compared to a 5.27 million barrel decline the prior week. Separately, Cushing crude inventories rose by 5.1 million barrels (up from 0.51 million barrels previously), while distillate fuel inventories fell 8 million barrels versus a 1.19 million barrel decline the prior week. Gasoline inventories increased by 2.7 million barrels.

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