June crude oil traded modestly lower during the early morning hours, but a larger than expected EIA inventory build helped to push prices down to their lowest level since April 20th. EIA crude stocks rose 3.421 million barrels to 366.546 million. That represents a 5.971 million barrel inventory surplus compared to year ago levels. The larger than expected jump in stocks came despite a 4.2% decline in weekly imports to a rate of 8.877 million barrels per day. The refinery operating rate was 82.8%, up 0.1% from last week. EIA gasoline stocks marked their 11th weekly decline, this time falling by 1.046 million barrels. This represents a 9.0% deficit compared to year ago inventory levels. Average total gasoline demand for the past four weeks was down 1.92% compared to last year. Gasoline imports came in at 1.106 million barrels per day compared to 1.050 million barrels the previous week.