Energy Preview: US crude oil inventories down by over 10 million barrels, API data shows

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 million barrels in the week ending June 13. The API reported a 337,000 barrel inventory decrease in the prior week. Gasoline inventories also fell in the week ending June 13, by 202,000 barrels, after rising by 2.969 million barrels in the week prior. Distillate inventories were up this week, by 318,000 barrels. In the week prior, distillate inventories rose 3.712 million barrels.

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