UPDATE: Crude Inventory -1.95M Barrels vs -2M Expected

Crude inventory for the week ending May 29 declined 1.95 million barrels vs a decline of 2.08 million expected. API data yesterday showed a build of 1.8 million barrels.

Cushing inventory declined 983 thousand barrels vs a decline of 750 thousand barrels.

Gasoline inventory declined 334 thousand barrels vs a gain of 11 thousand expected.

Distillate inventory increased 3.77 million barrels vs a gain of 1.28 million expected.

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