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Market Update: US Crude Stocks Fall More than Forecast
US crude oil inventories dropped by 5.08 million barrels in the May 28th week, following a 1.662 million decrease in the previous period and compared with market forecasts of a 2.443 million fall, data from the EIA Petroleum Status Report showed. Meantime, gasoline inventories rose by 1.5 million barrels, following a 1.745 million decrease in the prior week and compared with consensus of a 1.479 million decline. source: U.S. Energy Information Administration [/s2If]
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