FX.co ★ US Crude Oil Inventories Fall for 4th Consecutive Week

U.S. crude oil inventories decreased by 4.28 million barrels for the week ending June 20, after a substantial reduction of 10.13 million barrels during the previous week. This represents the fourth consecutive weekly decline and the sixth decrease over the past eight weeks, indicating increasingly constrained supply conditions. The reduction was notably greater than the market's anticipated decrease of 0.6 million barrels.