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API data reportedly show a weekly decline of over 7 million barrels in U.S. crude supplies

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The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 7.2 million barrels for the week ended June 18, according to sources. The API report also showed gasoline stockpiles up by 959,000 barrels, while distillate inventories climbed by 992,000 barrels, the sources said.

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