U.S. crude oil inventories declined by 3.1 million barrels for the week ending July 8, according to the U.S. Energy Information Administration Wednesday.
The EIA also said total gasoline inventories declined by 800,000 barrels and distillate fuel inventories increased by 3 million barrels for the period.
Analysts surveyed by Platts expected crude oil stockpiles to decline by 2.1 million barrels, gasoline to increase by 700,000 barrels, and distillate inventories to increase by 800,000 barrels.
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