UPDATE: Crude Inventory 1.4M Barrels vs -1.63M Expected
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(Updated - August 13, 2014 10:35 AM EDT)
Crude inventory for the week ending August 8 increased 1.4 million barrels vs a decline of 1.63 million expected.
Cushing inventory increased 418 thousand barrels.
Gasoline inventory declined 1.16 million barrels vs 1.14 million expected.
Distillate declined 2.42 million barrels vs a gain of 30 thousand expected.
Traders are watching United States Oil Fund (NYSE: USO).
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