The Energy Information Administration released its report on US crude stocks, showing a deficit of 7.2 million barrels in the week ending July 21, adding to the 4.7M drop in the previous week, while analysts expected only a 3.3M drawdown, with total stocks now reaching 483.4 million barrels, remaining within the uppermost range on average in this time of year.
Otherwise, gasoline stocks fell one million barrels, while distillate inventories declined 1.9 million barrels, both remaining within the uppermost range on average in this time of year.