The American Petroleum Institute on Tuesday said U.S. crude-oil inventories fell a larger-than-expected 5.7 million barrels in the week ended Friday, The Wall Street Journal reported, citing industry sources. Analysts surveyed by Platts had forecast a fall of 1.4 million barrels. The API said gasoline stocks fell by 48,000 barrels, while distillate supplies rose by 531,000, according to the report. The Energy Information Administration's more closely-watched report is due to be released Wednesday morning.

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