US Crude, Gasoline Inventories Fall, Distillates Build, EIA Says

OIL AND GAS - HOUSTON. U.S. crude oil and gasoline inventories fell sharply last week on strong export demand, data from the Energy Information Administration showed on Wednesday.

Crude stocks declined by 3.4 million barrels in the week ended July 26 to 433 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel draw.