***UPDATE: According to the US Energy Department, crude oil inventory surged +2.46 mmb to 365.1 mmb, in the week ended May 21. Although the increase was much bigger than the market had anticipated, WTI crude oil rallied to as high as 71.54 as Cushing stock dipped for the first time in 10 weeks.
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WTI Strengthens above 71 amid Decline in Cushing Stock
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