According to foreign sources on December 12th, market sources cited data from the American Petroleum Institute (API) on Tuesday, stating that US crude oil inventories decreased last week, but retailed oil products inventories increased.

The report shows that as of the week ending December 8th, US crude oil inventories decreased by 2.3 million barrels. Gasoline inventories increased by approximately 5.8 million barrels, while distillate inventories increased by approximately 280,000 barrels.

Analysts surveyed earlier estimated that US crude oil inventory fell by 700,000 barrels last week, gasoline inventory increased by 1.9 million barrels and distillate oil inventory increased by 600,000 barrels.

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