Oil inventories fell in previous week, API says

SAN FRANCISCO (MarketWatch)
Crude-oil inventories for the week ended July 13 declined 2 million barrels, a trade group said late Tuesday
The American Petroleum Institute also reported gasoline stockpiles down 116,000 barrels, and inventories of distillates up 3.4 million barrels
The API report comes a day ahead the official Energy Information Administration report
Analysts polled by Platts expect crude supplies down 1.4 million barrels, gasoline supplies up 700,000 barrels, and distillates inventories up 1 million barrels
A decline in supplies would be the third in a row for crude