Mubasher: US oil inventories declined by 4.15 million barrels last week, while expectations said they will fall by 2.4 million barrels, according to the data released by the American Petroleum Institute (API) on Tuesday.
API also showed that gasoline inventories decreased by 2 million barrels last week, while distillate stockpiles, which include diesel and heating oil, fell by 1.55 million barrels.
Markets are anticipating the US Department of Energy's report, which is scheduled to be released today, that is expected to show a decrease in the US weekly crude inventories by around 2.51 million barrels.
