The American Petroleum Institute reported Tuesday a decline of 2.7 million barrels in U.S. crude supplies for the week ended June 16, according to sources.

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June: June is the sixth month of the year in the Julian and Gregorian calendars and one of the four months with a length of 30 days. June is the month with the longest daylight hours of the year in the Northern Hemisphere and the shortest daylight hours of the year in the Southern Hemisphere.[citation ne
Tuesday: Tuesday is a day of the week occurring after Monday and before Wednesday. According to some commonly used calendars , it is the third day of the week, but according to international standard ISO 8601, it is the second day of the week. The English name is derived from Old English Tiwesdg and Middle
Petroleum: Petroleum Latin: oleum ) is a naturally occurring flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. The name Petroleum covers both naturally occurring
American Petroleum Institute: The American Petroleum Institute, commonly referred to as API, is the largest U.S trade association for the oil and natural gas industry. It claims to represent about 400 corporations involved in production, refinement, distribution, and many other aspects of the petroleum industry.