US crude stocks fell by 3.1 million barrels in a week

Market sources said, quoting data from the American Petroleum Institute, on Tuesday, that US crude oil inventories They fell last week, while gasoline and distillate inventories rose.

The sources said that crude stocks fell by about 3.1 million barrels in the week ending December 16.

Gasoline stocks increased by about 4.5 million barrels, while distillate stocks increased by 828 thousand barrels, according to the sources, who asked not to be identified.

Oil prices did not change much today, Wednesday, as a larger-than-expected drawdown from US crude inventories outweighed concerns about rising COVID-19 cases in China, the largest oil importer.

Brent crude futures rose seven cents, or 0.1%, to $80.06 a barrel by 04:04 GMT, while US West Texas Intermediate crude rose four cents, or 0.1%, to $76.27.

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