Crude oil climbed well above $75 per barrel as the Energy Information Administration reported crude inventory decline by 3.728 million barrels for the week to August 2. This compared with a draw of 3.4 million barrels for the last week of July. In fuels, the EIA estimated inventory builds. Gasoline stocks added 1.3 million barrels in the week to August 2. In middle distillates, the EIA estimated an inventory build of 900,000 barrels for the week to August 2, which compared with a build of 1.5 million barrels for the previous week.

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