India, July 15 -- Crude oil inventories in the U.S. decreased by less than expected in the week ended July 10th, according to a report released by the Energy Information Administration on Wednesday.

The EIA said crude oil inventories dipped by 1.7 million barrels last week after climbing by 3.0 million barrels in the previous week. Economists had expected crude oil inventories to fall by 2.6 million barrels.

At 409.7 million barrels, U.S. crude oil inventories are about 6 percent below the five-year average for this time of year, the EIA said.

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