U.S. Inventories, Auto News, AND Auto Inventory

TOKYO: Oil prices for distilled fuels stockpiles, which distillate fuels stockpiles include diesel and heating oil, fell by 1.3 million barrels. “/>

Brent crude was up 29 cents, gold 0.4 percent, at $ 73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $ 73.44 a barrel on Tuesday, after climbing as high as $ 74.

U.S. West Texas Intermediate rose 22 cents, gold 0.3 percent, to $ 68.74, having settled the previous session up 63 cents, or nearly 1 percent.

Reports that China will increase infrastructure will also help reduce concerns that US-China trade tensions will dent the country's demand for oil.

US Crude inventories fell by 3.2 million Barrels in the week to July 20 to 407.6 million barrels 2.3 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub dropped by 808,000 barrels, the API said. Gasoline stocks fell by 4.9 million barrels, the price of gasoline fell by 4.9 million barrels

Distillate fuels stockpiles, which include diesel and heating oil, fell by 1.3 million barrels, compared with expectations for a 207,000-barrel gain, the API data showed.

US 249,000 barrels per day to 8.3 million bpd

EDT (1430 GMT) on Wednesday.