US crude stocks fell last week
The article focused on the American crude oil inventories decreasing for the seventh consecutive week, falling by 765,000 barrels in the week ending June 19. At the same time, gasoline and distillate inventories increased, resulting in oil prices falling by over 1%, trading near four-month lows due to signs of oil tankers leaving the Strait of Hormuz. The International Energy Agency warns that inventories could reach critical levels before the summer peak in demand.
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