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Story summary
- U.S. Energy Information Administration reported crude oil inventories fell 8.0 million barrels week ending May 29, leaving 433.7 million barrels, 3 % below the five-year average.
- Brent crude rose to $98.24 per barrel, up $2.21 (2.30 %) in early trade.
- WTI crude rose to $95.99 per barrel, up $2.13 (2.27 %) in early trade.
- Motor gasoline inventories grew 3.4 million barrels after a 2.6-million-barrel decline.
- Middle-distillate stocks rose 1.5 million barrels, keeping them 3 % below the five-year average.
