Crude Oil Gains as Inventory Increased Less than Expected

On oil inventory, the DOE/EIA reported that total crude oil and petroleum products stocks increased +12.81 mmb to 1127.94 mmb in the week ended June 7. Crude stockpile added +2.52 mmb to 393.81 mmb as inventory rose in 3 out of 5 PADDs.

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Crude Oil Gains as Inventory Increased Less than Expected