API reportThe American Petroleum Institute reported that U.S. crude supplies fell by 1.2 million barrels for the week ended Aug. 13, . The API report also reportedly showed an inventory decline of 1.2 million barrels for gasoline, while distillate supplies edged up by 502,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, fell by about 1.7 million barrels