UPDATE: Crude Inventory -7.52M Barrels vs -2.1M Expected
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(Updated - July 16, 2014 10:32 AM EDT)
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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