U.S. API Crude Oil Inventories Fall 6.757M Barrels for Week Ending May 29

The American Petroleum Institute (API) reported that U.S. crude oil inventories declined by 6.757 million barrels for the week ending May 29, significantly exceeding the forecast decline of 3.605 million barrels. The drawdown was also steeper than the previous week's decline of 2.819 million barrels.
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