US Crude Oil Stockpiles Fall More Than Expected

Crude oil inventories fell by 4.3 million barrels. Analysts had predicted stockpiles would fall by 1.3 million barrels.

U.S. crude oil inventories fell more than expected last week, and product stocks saw large builds as refineries raised their capacity use at the start of the summer driving season, according to data released Wednesday by the U.S. Energy Information Administration.

Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 4.3 million barrels to 436.1 million barrels in the week ended May 30, and were about 7% below... 

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