US crude oil inventories dropped -10.6m barrels, WTI shrugs and stays in right range

<p>US commercial crude oil inventories dropped -10.6m barrels in the week ending July 24, versus expectation of 1.0m barrels rise. At 526.0m barrels, crude oil inventories are about 17% above the five year average for this time of the year. Gasoline inventories rose 0.7m barrels. Distillate fuel rose 0.5m barrels. Propane/propylene rose 2.0m barrels. Commercial […]</p>
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