API shows another weekly fall in US crude stocks but gasoline inventories rise, sources say

U.S. crude oil inventories fell for a fourth straight week, while distillate stocks also declined and motor gasoline inventories rose, according to API data cited by market sources. The mixed inventory picture is broadly neutral for the energy complex, though the continued crude draw is modestly supportive for oil prices. The report is routine market data and likely to have limited standalone price impact.

Analysis

U.S. crude oil inventories fell for a fourth straight week, while distillate stocks also declined and motor gasoline inventories rose, according to API data cited by market sources. The mixed inventory picture is broadly neutral for the energy complex, though the continued crude draw is modestly supportive for oil prices. The report is routine market data and likely to have limited standalone price impact.