U.S. Crude Oil Inventories Fall More Than Expected

Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too, as refineries raised their capacity use.

The Morning Risk Report

The Supreme Court’s agency power rulings could change the regulatory landscape for years to come, and the Biden administration announces rules to protect workers from extreme heat. Plus, an appeals court reinstates a $10 billion bank lawsuit.
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