Crude Extends Rally after EIA's Report Showing Inventory Draw
BonTrade***UPDATE: Crude oil inventory declined -1.83 mmb to 361.4 mmb in the week ended June 4. This exceeded market expectations of a dip of -0.9 mmb. Increase in inventory level was seen in all regions except for the Gulf Coast where a drop of -4.66 mmb was recorded. Cushing stock also slid -0.47 mmb.
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Crude Extends Rally after EIA's Report Showing Inventory Draw
