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API Shows US Crude Stocks Fell for Sixth Straight Week, Fuel Inventories Also Drop, Sources Say


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New York, May 27 (Reuters) – U.S. crude oil ​inventories fell for a ‌sixth straight week last week, according ​to market sources ​citing American Petroleum Institute ⁠data released on ​Wednesday, while fuel ​stocks also fell.

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Crude stocks fell by 2.8 million ​barrels in the ​week ended May 22, the ‌sources ⁠said on condition of anonymity. Gasoline inventories fell by ​3.2 ​million ⁠barrels, while distillate inventories rose ​by 1.1 ​million ⁠barrels compared with a week earlier, the ⁠sources ​said.


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Reporting Siddharth ​Cavale in New York, ​Editing by Nia Williams

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