According to statistics released by the American Petroleum Institute (API), U.S. API crude oil inventories decreased by 765,000 barrels in the past week, compared to a reduction of 8.33 million barrels in the previous week.
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From the changes in these two sets of data, it can also be seen that the recent decline in U.S. crude oil inventories has narrowed significantly, and fluctuations in market supply and demand can be reflected to a certain extent through such inventory data.
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