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8/3, 10:34 PM (Source: TeleTrader)
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US oil inventories down by 879K barrels - reports

Crude inventories in the United States fell by 879,000 barrels in the week ending July 30, significantly below estimates, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.

Meanwhile, gasoline stockpiles in the US decreased by 5.7 million barrels during the same week, while the country's distillate reserves saw a draw of 717,000.

Breaking the News / JC