Crude oil benchmarks extended gains on Thursday amidst indications of draining crude oil inventory in the U.S.
Official data from the Energy Information Agency released on Wednesday had shown a crude oil inventory depletion of 0.45 million barrels in the week ended June 2. Markets were expecting a 1-million-barrel build in inventories versus a 4.5-million-barrel accumulation in the previous week. Gasoline stocks however increased 2.7 million barrels, much higher than the 0.88 million barrels that the markets were expecting. Gasoline inventories had reduced by 0.21 million barrels in the previous week.
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