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).

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