US crude oil inventories fell by 564,000 barrels
The decline in US crude oil inventories is attributed to a drop of 564,000 barrels in the week ending July 10.
This decrease follows a prior fall of 399,000 barrels in the previous week.
Over the last twelve weeks, commercial crude oil inventories excluding the SPR have shed just over 60 million barrels, while US crude inventories are only down 9.2 million barrels so far this year.