US crude stocks fall for ninth straight week, sources say

U.S. crude oil inventories fell for a ninth straight week, according to market sources citing American Petroleum Institute data released Tuesday, while gasoline stocks rose. The report is directionally supportive for crude prices but mixed overall given the increase in gasoline inventories. The article is factual and likely to have a limited near-term market impact unless confirmed by official EIA data.

Analysis

U.S. crude oil inventories fell for a ninth straight week, according to market sources citing American Petroleum Institute data released Tuesday, while gasoline stocks rose. The report is directionally supportive for crude prices but mixed overall given the increase in gasoline inventories. The article is factual and likely to have a limited near-term market impact unless confirmed by official EIA data.