UPDATE: Crude Inventory -2.37M Barrels vs -1.7M Expected

Crude Inventory for the week ending July 4, declined 2.37 million barrels vs a decline of 1.7 million expected.

Cushing inventory grew 447 thousand barrels

Gasoline inventory grew 579 thousand barrels vs a decline of 522 thousand expected.

Distillate inventory grew 227 thousand barrels vs 877 thousand expected.

Trader are watching United States Oil Fund ETF (NYSE: USO).

You May Also Be Interested In

• Crude Inventory Fell 6.1 Million Barrels Last Week, Says EIA
• Hedge funds raise oil short bets to five-month high
• J.P. Morgan cuts second-half 2026 Brent oil price forecast