UPDATE: Crude Inventory 2.47M Barrels vs -1.45M Expected

Crude inventory for the week ending July 17 increased 2.468 million barrels vs a decline of 1.45 million expected. API data yesterday showed a build of 2.3 million barrels.

Cushing inventory increased 813 thousand barrels vs an increase of 55 thousand expected.

Gasoline inventory declined 1.725 million barrels vs an increase of 565 thousand expected.

Distillate increased 235 thousand barrels vs a gain of 1.68 million expected.

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