US oil futures rise after crude stocks fall more than expected

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US oil futures rise after crude stocks fall more than expected

Investing.com -- U.S crude oil futures rose in post-settlement trading Tuesday after the American Petroleum Institute reported domestic crude stocks fell more than expected last week, stoking optimism that the seasonal rise in summer demand is finally underway.fell by about 2.4M barrels for the week ended Jun. 7, compared with a build of 4M barrels reported by the API for the previous week. Economists were expecting a decrease of 1.8M barrels.

The API data also showed that gasoline stockpiles decreased by 2.5M barrels, while distillate inventories -- the class of fuels that includes diesel and

 

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