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US crude inventories down by 2.5 million barrels last week: EIA

U.S. crude oil inventories fell by 2.5 million barrels from the previous week, according to the U.S. government's Energy Information Administration official inventory data released Wednesday.

A Reuters poll of oil market analysts forecasted a drawdown of 3 million barrels in crude, a drop of 400,000 barrels in gasoline and rise of 300,000 barrels in distillates.

On Tuesday, American Petroleum Institute (API) reported a surprise crude inventory build of 2.2 million barrels for last week. The API also cited an unexpected rise of 1.5 million barrels in gasoline and 2.6 million in distillates, that include diesel, for the week to July 8.

Oil prices fell 2...


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