- Crude oil prices fall U.S. data showed a surprise build in crude and gasoline stockpiles; U.S. WTI -1.2% at $64.74/bbl, Brent -0.6% at $74.89/bbl.
- Crude inventories climbed by 2.1M barrels in the week to June 1, the Energy Information Administration reported, while gasoline stockpiles rose by 4.6M barrels and distillate fuels added 2.2M barrels; analysts had forecast crude inventories would fall by 1.8M barrels, with smaller builds for gasoline and distillates of 587K and 784K barrels, respectively.
- Industry data released yesterday from the American Petroleum Institute had said U.S. crude inventories fell by 2M barrels last week.
- Crude futures already had slipped as worries about oversupply ahead of a potential OPEC production increase offset signs that Venezuela would halt some crude exports.
- ETFs: USO, XLE, OIL, UWT, UCO, VDE, XOP, DWT, ERX, OIH, SCO, BNO, DBO, ERY, DIG, UGA, BGR, GUSH, DTO, FENY, USL, IYE, DUG, DRIP, IEO, FIF, DNO, NDP, PXE, OLO, RYE, PXJ, SZO, CRAK, FXN, OLEM, WTIU, DDG, OILK, NANR, OILX, WTID, USOI, USOU, USOD, FTXN, JHME, UBRT, ERYY, DBRT, ERGF, OILD, OILU, USAI
- Now read: Welcome To The 2018 Driving Season
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