| WTI has recovered the entire decline that followed the IEA’s surprise announcement to release 60 mmbbl of strategic oil reserves.
The Department of Energy reported this morning that in the week ending June 24, 2011, U.S. crude oil inventories decreased by 4.4 million barrels, gasoline inventories decreased by 1.4 million barrels, distillate inventories increased by 0.3 million barrels and total petroleum inventories decreased by 0.3 million barrels..............................................Full Article: Source
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