Drop in US oil inventories 1.9 million barrels

Data from the American Petroleum Institute showed that crude oil inventories in the US fell last week while gasoline and distillate increased stocks. And crude stocks fell 1.9 million barrels in the week that ended on the fourth of December to 488 million barrels, compared with analysts' expectations of an increase of 252 thousand Brmel.oukal Institute said crude inventories in the US crude delivery depot in Cushing, Oklahoma rose 614 thousand barrels.