UPDATE: Crude Inventory -7.2M Barrels vs -5.56M Expected

Crude Inventory for the seek ending May 16th declined 7.226 million barrels vs a decline of 5.56 million expected.

Gasoline inventory gained 970 thousand barrels vs a gain of 244 thousand expected.

Distillate inventory grew 3.4 million barrels vs a decline of 377 thousand expected.

Cushing inventory declined 225 thousand barrels.

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

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