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).

You May Also Be Interested In

• Crude Inventory Fell 6.1 Million Barrels Last Week, Says EIA
• J.P. Morgan cuts second-half 2026 Brent oil price forecast
• Hedge funds raise oil short bets to five-month high