Combined EIA crude and product inventories increased over the week ending May 24 by 0.3MM bbl to 832.2MM bbl, due entirely to an unexpected jump in gasoline inventories. Crude oil stocks fell 0.3MM bbl to 476.5MM bbl, pulling back somewhat from a spike in the previous week. Analysts had expected a slightly largely draw of 0.9MM bbl. Similarly, crude stocks held at the NYMEX WTI delivery point of Cushing, Oklahoma inched down 16K bbl to 49.05MM bbl.
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