By Jessica Summers

(Bloomberg) —

WTI clung to losses after EIA report shows U.S. crude inventories dropped by less-than-expected last week, -1.35m bbl. Gasoline supplies increased for the first time since late June.

  • NOTE: Median forecast for U.S. crude stockpiles -3m bbl last week, according to Bloomberg survey
  • API report was said to show nationwide crude supplies -6.02m bbl last week, gasoline supplies +3.11m bbl, Cushing inventories -576k, distillates +1.76m
  • September WTI -$1.36 to $67.81/bbl at 10:32am ET; traded at $67.97 in minute before report was released

To contact the reporter on this story:
Jessica Summers in New York at jsummers24@bloomberg.net

To contact the editor responsible for this story:
David Marino at dmarino4@bloomberg.net