Published January 6, 2015 5:27pm EST | Updated January 8, 2015 3:09pm EST

API U.S. Oil Inventories Fall By 4 Million Barrels: Reports

The American Petroleum Institue on Tuesday said U.S. crude-oil inventories fell by 4 million barrels to 383.3 million barrels in the week ended Jan. 2, but that gasoline and distillates supplies rose, according to analysts and news reports. More closely-watched weekly data from the U.S. Energy Information Administration is due Wednesday morning. Analysts surveyed by Platts have forecast crude stocks to rise by 380,000 barrels.