US oil inventories dropped -7.5m barrels, WTI range bound

<p>US commercial crude oil inventories dropped -7.5m barrels in the week ending July 10. At 531.7m barrels, crude oil inventories are about 17% above the five year average for this time of the year. Motor gasoline inventories dropped -3.1m barrels. Distillate fuel inventories dropped -453k barrels. Propane/propylene inventories rose 3.5m barrels. Total commercial petroleum inventories […]</p>
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