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US crude oil inventories fall by 0.1m barrels
US commercial crude oil inventories decreased by 0.1 million barrels in the week ending 1 June. The US Energy Information Administration says that at 384.6 million barrels, crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 3.3 million barrels last week and are in the lower limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 2.3 million barrels last week and are in the lower limit of the average range for this time of year. ... (full story)