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API data show U.S. crude inventories down nearly 8 million barrels: sources

API data show U.S. crude inventories down nearly 8 million barrels: sources

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The American Petroleum Institute late Wednesday said U.S. inventories of crude oil fell by 7.98 million barrels last week, according to sources. Gasoline inventories were seen down by 2.74 million barrels, while distillate supplies rose by 1.09 million barrels.

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