US API Crude Oil Inventories Down 860,000 Barrels Week Over Week

The American Petroleum Institute just released its weekly inventory reports, and inventories fell 860,000 week over week. For the week ending May 20, the API reported crude oil inventories fell 860,000 barrels, versus the previous reading of 2.669 million barrel build. Benzinga recommends you look at the United States Oil Fund USO.