UPDATE: Crude Inventory -4M Barrels vs -2.4M Expected
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(Updated - July 23, 2014 10:34 AM EDT)
Crude inventory for the week ending July 18 declined 3.97 million barrels vs a decline of 2.4 million expected.
Cushing inventory declined 1.45 million barrels.
Gasoline inventory gained 3.38 million barres vs a gain of 1.13 million expected.
Distillate increased 1.64 million barrels vs a gain of 1.84 million expected.
Traders are watching United States Oil Fund ETF (NYSE: USO).
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