Crude oil inventories in the United States declined by 4.02 million barrels in the week that ended January 3, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.
Distillate inventories are said to have climbed by 3.2 million barrels, while gasoline stockpiles saw a surge of 7.3 million barrels. During the corresponding week, reserves in Cushing, allegedly decreased by 3.1 million barrels.