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API data reportedly show a weekly decline in U.S. crude supplies, but gasoline inventories rise

API data reportedly show a weekly decline in U.S. crude supplies, but gasoline inventories rise

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The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by about 4 million barrels for the week ended Aug. 27, according to sources. The API report, however, also showed an inventory increase of 2.7 million barrels for gasoline, while distillate stockpiles fell by roughly 2 million barrels.

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