Oil Inventories See Modest Build, But Remain Below Average
- API reports surprise 1.174 million barrel crude build, analysts expected 2 million barrel draw
- Total crude inventories remain down 47 million barrels since April despite this week's build
- Gasoline inventories also rose 4.21 million barrels, now 5% below 5-year average
- Distillate inventories up 2.592 million barrels, 14% below 5-year average
- Cushing inventories fell by 2.417 million barrels
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