US commercial crude oil inventories fell to 409.7 million barrels, 6% below the five-year average, as the Iran war disrupts global supply chains.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 3.296 million barrels in the week ending July 24

Crude oil inventories in the United States saw a decrease of 7.2 million barrels during the week ending July 24, according to new data from the U.S. Energy Information…