Crude oil inventories in the United States decreased by 7.2 million barrels during the week ending June 5, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday

US commercial crude oil inventories dropped 8 million barrels to 434M, hitting a 20-year low as export demand and refinery activity tighten supply.

US crude oil inventories fell 8 million barrels to 434 million, pushing combined reserves to their lowest in over 20 years amid geopolitical tensions and