U.S. OIL INVENTORIES DOWN
OGJ - US crude oil inventories fell for an eighth straight week and drawdowns appear to be expanding.
Excluding those in the Strategic Petroleum Reserve, commercial crude stockpiles fell 6.4 million bbl during the week ended May 26 compared with the previous week's total.
At 509.9 million bbl, US crude inventories are in the upper half of the average range for this time of year.
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