UPDATE: Crude Inventory -4M Barrels vs -2.4M Expected

Crude inventory for the week ending July 18 declined 3.97 million barrels vs a decline of 2.4 million expected.

Cushing inventory declined 1.45 million barrels.

Gasoline inventory gained 3.38 million barres vs a gain of 1.13 million expected.

Distillate increased 1.64 million barrels vs a gain of 1.84 million expected.

Traders are watching United States Oil Fund ETF (NYSE: USO).

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