US crude stockpiles fall sharply, fuel builds, EIA says

U.S. crude oil stockpiles last weekfell more than expected, whilegasoline and distillate inventories rose, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 4.9 million barrels to 440.2 million barrels in the week ending July 12, the EIA said, compared with analysts’ expectations in a Reuters poll for a 33,000-barrel draw. Crude ...