Energy Preview: US crude stocks down by 3.8 million barrels, API data reports

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 3.821 million barrels in the week ending September 19. This week?s draw follows last week?s 3.420 million barrel draw. Gasoline inventories fell by 1.046 million barrels in the week ending September 19, after falling by 691,000 barrels in the week prior. Distillate inventories rose again this week, adding 518,000 barrels, following the week prior?s 1.906-million-barrel gain.

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