Crude oil futures end marginally lower on Wednesday after data showed a jump in US gasoline stockpiles in the week ended June 4. The Energy Information Administration (EIA) data showed gasoline inventories rose by 7 million barrels in the week as against forecast for an increase of about 1 million barrels. Meanwhile, distillate stockpiles increased by 4.4 million barrels last week, beating forecasts for a 400,000-barrel rise. However, the downside was just marginal as the official data showed crude inventories fell for a third straight week. According to the report released by the EIA, crude inventories in the US dropped by 5.2 million barrels last week, higher than an expected drop of about 4.1 million barrels.
Crude oil futures for July fell $0.09 or 0.1 percent to settle at $69.96 barrel on the New York Mercantile Exchange. August Brent crude remained unchanged to settle at $72.22 a barrel on London's Intercontinental Exchange.