After the markets closed yesterday, API reported the following weekly moves in U.S. petroleum inventories.
Crude inventories declined by 6,800,000 barrels
Gasoline inventories declined by 6,400,000 barrels
Distillates inventories declined by 1,770.000 barrels
If confirmed by EIA at 10:30 ET this should be a good day for our stocks.
NEXT WEEK is when the summer driving season kicks into high gear.
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