UPDATE: Crude Inventory 384K Barrels vs -490K Expected

Crude inventory for the week ending July 3 increased 384 thousand barrels vs a gain of draw of 488 thousand expected. API data yesterday showed a draw of 958 thousand barrels.

Cushing inventory increased 299 thousand barrels vs a decline of 306 thousand expected.

Gasoline inventory increased 1.2 million barrels vs a decline of 222 thousand expected

Distillate inventory increased 1.64 million barrels vs a gain of 944 thousand expected.

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