UPDATE: Crude Inventory -7.52M Barrels vs -2.1M Expected

Crude inventory for the week ending July 11 declined 7.525 million barrels vs a decline of 2.1 million expected.

Cushing inventory declined 650 thousand barrels.

Gasoline inventory grew 171 thousand barrels vs a 610 thousand gain expeced.

Distillate increased 2.53 million barrels vs a gain of 1.6 million expected.

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

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