Data released by the American petroleum institute (API) showed that U.S. crude oil inventories fell 5.2 million barrels in the week ended Dec. 15, down from an expected 35.18 million barrels. Refinery inventories fell more than expected, while gasoline inventories rose, but were less than expected. The overall API data is good and good for oil prices. In addition, the final legislation could reduce federal mortgage interest deductions and eliminate deductions for state and local taxes. New York, New Jersey and California have families that are much more difficult than those in republican-leaning states.