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Market Update: US Crude Inventories Fall for 5th Straight Week
US crude oil inventories dropped by 7.614 million barrels in the June 18th week, a fifth consecutive period of decline and the largest since the last week of April, data from the EIA Petroleum Status Report showed. The number also compared with market consensus of a 3.942 million fall. Meantime, gasoline inventories were down by 2.93 million barrels, surprising forecasts of a 0.833 million rise. source: U.S. Energy Information Administration [/s2If]
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