UPDATE: Crude Inventory -4.2M Barrels vs 134K Expected

Crude inventory for the week ending July 24th declined 4.2 million barrels vs a gain of 134 thousand expected, said the EIA. API data yesterday showed a decline of 1.9 million barrels.

Cushing inventory declined 212 thousand barrels vs gain of 31 thousand expected.

Gasoline inventory decline 363 thousand barrels vs a gain of 112 thousand expected.

Distillate inventory increased 2.59 million barrels vs a gain of 1.02 million expected.

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