U.S. crude inventories declined in week

June 4, 2008 at 1:35 PM
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WASHINGTON, June 4 (UPI) -- U.S. crude oil inventories declined by 4.8 million in the week ending May 30, the U.S. Energy Information Administration said Wednesday.

Crude inventories, at 306.8 million barrels, are in the lower half of their average range for this time of year, the report said.

Gasoline inventories increased 2.9 million barrels, but inventories are in the lower half of their average range.

Finished gasoline inventories and gasoline blending components inventories increased on the week. Distillate fuel inventories, which include heating oil, also increased, up 2.3 million barrels the report said.

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