UPDATE: Crude Inventory -2.19M Barrels vs 25K Expected

Crude inventory for the week ending May 8 declined 2.19 million barrels vs a declined of 25 thousand expected. API data yesterday showed a decline of 2 million barrels.

Cushing inventory declined 990 thousand barrels vs a decline of 540 thousand expected,

Gasoline inventory declined 1.1 million barrels vs a gain of 37 thousand expected.

Distillate declined 2.5 million barrels vs a gain of 812 thousand expected.

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