A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant June 23 (Reuters) – U.S. crude and gasoline stocks fell sharply last week, even as refining activity dipped modestly, with demand continuing to grow, the U.S. Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by 7.6 million barrels in the week to June 18 to 459.1 million barrels, their lowest since March 2020. The draw was nearly double analysts’ expectations in a Reuters poll for a 3.9 million-barrel drop. Crude inventories are down by 9% since mid-March as refiners have boosted activity in advance of peak driving season and rebounding economic activity. “You have a gasoline draw and a crude oil draw in the same week, so apparent gasoline demand has caught up to all the crude oil going through […]