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The American Petroleum Institute reportedly shows a draw of 2.41M barrels of oil in U.S. commercial stockpiles for the week ending June 23.
Gasoline inventories reportedly show a draw of 2.85M barrels for the week, distillate inventories show a build of 780K barrels, and stockpiles at the Cushing, Oklahoma, storage hub show a build of 1.45M barrels.
The Energy Information Administration will release its weekly U.S. petroleum supply report Wednesday morning; analysts forecast the report will show a decrease of 1.8M barrels for domestic crude, a decrease of 400K barrels for gasoline, and an increase of 400K barrels in distillate stocks, according to a survey by The Wall Street Journal.
August WTI crude oil (CL1:COM) recently traded at $67.77/bbl after settling Tuesday at $67.70/bbl on Nymex.
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