US oil inventories dropped -7.2m barrels, WTI back below 40

<p>US commercial crude oil inventories dropped -7.2m barrels in the week ending June 26, much larger than expectation of -0.9m barrels decline. At 533.5m barrels, oil inventories are about 15% above the five year average for this time of year. Gasoline inventories rose 1.2m barrels. Distillate fuel inventories dropped -0.6m barrels. Propane/propylene inventories rose 3.3m […]</p>
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