The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph above Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif

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July 11 (Reuters) – U.S. crude and gasoline inventories fell last week, while distillate inventories likely rose, a preliminary Reuters poll showed on Monday.

Five analysts polled by Reuters on average estimated that crude inventories fell by about 1.9 million barrels in the week to July 8.

The poll came ahead of reports from the American Petroleum Institute, an industry group, due Tuesday at 4:30 p.m. EST (2130 GMT), and the EIA, the statistics arm of the US Department of Energy, due at 10:30 a.m. morning (15:30 GMT) Wednesday.

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Crude inventories (USOILC=ECI) rose 8.2 million barrels in the week to July 1, as analysts expected a drawdown of 1 million barrels. Read more

Analysts estimated that gasoline inventories (USOILG=ECI) fell by around 300,000 barrels last week.

Distillate inventories (USOILD=ECI), which include diesel and fuel oil, are expected to have increased by around 2.4 million barrels.

Refinery utilization (USOIRU=ECI) rose 0.4 percentage points from 94.5% of total capacity for the week ended July 1, according to the survey.

All fuel inventory figures are in millions of barrels. The variation of refining cycles is measured in percentage points.

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Reporting by Kavya Guduru in Bengaluru; edited by Jonathan Oatis

Our standards: The Thomson Reuters Trust Principles.

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