U.S. Crude Stocks Fall 8 Million Barrels as Refinery Runs Dip
U.S. crude oil inventories declined by 8 million barrels to 433.7 million barrels in the week ended May 29, according to the Energy Information Administration. The draw exceeded market expectations. Meanwhile, gasoline and distillate stocks rose, refinery crude runs fell modestly, refinery utilization inched higher, and net crude imports fell.