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The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 1.4 million barrels for the week ended Jan. 14, according to sources. The API, which released its data a day later than usual due to Monday’s Martin Luther King, Jr., holiday, also reportedly showed a weekly inventory increase of 3.5 million barrels for gasoline, while distillate supplies edged down by 1.2 million barrels.
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