India, May 6 -- A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. decreased by slightly less than expected in the week ended May 1st.

The EIA said crude oil inventories fell by 2.3 million barrels last week after tumbling by 6.2 million barrels in the previous week. Economists had expected crude oil inventories to shrink by 2.8 million barrels.

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