Crude oil inventories in the United fell this week by 1.710 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.5 million barrel increase. The total number of barrels of crude oil gained so far this year is more than 38 million barrels. This week, SPR inventory dropped for the tenth week in a row as another 1.8 million barrels of congressionally mandated crude oil was sold during the week ending June 2. There are now 353.6 million barrels—the lowest amount of crude oil in the SPR since…
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