UPDATE: Crude Inventory -2070K Barrels vs -945K Expected

Crude inventory for the week ending August 22 declined 2.07 million barrels vs a decline of 944 thousand expected.

Cushing inventory gained 508 thousand barrels.

Gasoline inventory declined 960 thousand barrels vs a decline of 1.44 million expected.

Distillate inventory gained 1.25 million barrels vs a decline of 343 thousand expected.

Traders are watching energy futures and ETFs like United States Oil Fund (NYSE: USO).

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