US Crude Oil, Gasoline Inventories Fall As Supply Crunch Fears Intensify

Crude oil inventories in the United States decreased by 900,000 barrels during the week ending April 10, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 463.8 million barrels according to government data, which is still 1% above the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a build of 6.10 million barrels in the period.…