API posts 3.2 million-barrel fall in crude supply

SAN FRANCISCO (MarketWatch)
Crude-oil supplies fell by 3.2 million barrels for the week ended July 1, the American Petroleum Institute reported late Wednesday
Gasoline inventories declined by 1.9 million barrels and distillate inventories shed 1.6 million barrels, the trade group said
The API's figures come ahead of Thursday's more closely-watched Energy Information Administration report.
Analysts polled by Platts expect a decrease of 2.5 million barrels for crude supplies, a rise of 500,000 barrels for gasoline and an increase of 1.1 million barrels for distillates.