U.S. Crude Stockpiles Fall Unexpectedly

U.S. crude stocks fell unexpectedly last week, the Energy Information Administration said on Wednesday, while gasoline and distillate inventories also declined in a report that analysts said should be supportive for prices. Crude inventories fell by 2.2 million barrels in the week to April 7, compared with analysts' expectations for an increase of 87,000 barrels. A near 2.2 million barrel draw to commercial crude stocks and continued draws to product stocks should provide support to current prices.

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