The U.S. Energy Information Administration indicated that supplies of crude oil fell to 363.3 million barrels for the week ending August 2nd. The 1.3 million barrel decline was less than analysts had expected for the week. Also, distillate inventories rose by 500,000 barrels and gasoline increased by 100,000 million barrels. Gasoline inventories are above the average range for this time of year.
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