U.S. Crude Oil Stockpiles Fall 461,000 Barrels for Week Ending June 12, Exceeding Forecasts

According to American Petroleum Institute (API) data, U.S. crude oil stockpiles declined by 461,000 barrels for the week ending June 12, more than double the expected drawdown of 198,000 barrels. The prior week had seen stockpiles increase by 1.316 million barrels.
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