Crude oil inventories in the United States decreased by 1.27 million barrels in the week that ended October 18, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. Reserves in Cushing, Oklahoma, allegedly increased by 890,000 barrels, APA reports citing Teletrader.
Gasoline stockpiles dropped by 2.17 million barrels, while distillate inventories lost 1.09 million barrels, according to the reported data.