UPDATE: Crude Inventory -4.35M Barrels vs -1.24M Expected

Crude inventory for the week ending July 10 declined 4.35 million barrels vs a decline of 1.24 million expected. API data yesterday showed a decline of 7.3 million barrels.

Cushing inventory increased 438 thousand vs a gain of 307 thousand expected.

Gasoline inventory increased 58 thousand vs a gain of 437 thousand expected.

Distillate inventory increased 3.82 million vs a gain of 1.73 million expected.

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