Published February 17, 2016 5:38pm EST | Updated February 17, 2016 6:04pm EST

API Says Crude-oil Inventories Fell 3.3 Million Barrels: Reports

The American Petroleum Institute on Wednesday said U.S. crude-oil inventories fell by 3.3 million barrels in the latest week, according to news reports. The data from API, an industry trade group, is watched for clues to weekly data from the Energy Information Administration due Thursday morning. Analysts surveyed by The Wall Street Journal produced an average forecast for a 3.1 million barrel rise in oil inventories.