U.S. crude stocks fall against last week

The Energy Information Administration released its report on U.S. crude inventories, showing a widened deficit of 4.4 million barrels in the week ending May 19, adding to a 1.8M deficit in the previous reading, while analysts expected a 2.4M drop.

Total stocks fell to 516.3 million barrels, remaining within the upward range in the medium term in this time of the year, and near 80-year highs. 

Otherwise, gasoline stocks fell 0.8 million barrels but remains within a similar upward range, as distillate stocks, including heating fuel, fell 0.5 million barrels.