DOE Crude Inventories for week of June 15th:
Crude inventories rose by 6.9 mln vs. consensus estimate of down 50K. Gasoline inventories rose by 1.79 mln vs. consensus estimate for a gain of 1.19 mln. Distillates nudged higher by 157,000 vs. consensus estimate of 870,000.
The numbers have pushed crude lower, which in turn has led to a small bounce in the stock market.