6/6, 10:33 PM (Source: TeleTrader)
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US oil inventories reportedly down 1.7M barrels

Crude oil inventories in the United States decreased by 1.7 million barrels in the week that ended June 2, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.

Reserves in Cushing, Oklahoma, allegedly rose by 1.54 million barrels. Meanwhile, gasoline stockpiles surged by 2.42 million barrels, and distillate inventories increased by 4.50 million barrels, according to the report.

Baha Breaking News (BBN) / AB