Wednesday's News Links

[Reuters] U.S. crude oil stocks surge 11 mln bbls, biggest rise since 2001

[Reuters] Oil falls on U.S. stock build, record Saudi output

[Bloomberg] Fed Officials Were Divided Over June Liftoff, FOMC Minutes Show

[Bloomberg] Dollar Declines as Investors Await Rate Clues From Fed’s Minutes

[Reuters] Wall Street sanguine as it heads into worst earnings season in six years

[WSJ] Europe’s Plunging Borrowing Costs Mark Two New Milestones

[Bloomberg] Tsipras’s Visit to Putin Follows Road Paved in Soviet Times

[Bloomberg] Forget Interest Rates, the Fed Has Another Big Decision to Make in the Next Year

[Bloomberg] Manhattan Condo Shortage Means Outsized Gains for Sellers

[NYT, Morgenson] Charles Grassley Questions Diversion of Fannie and Freddie Earnings

[Bloomberg] Chinese Developers Trim Sales Forecasts Amid Housing Doldrums

[Bloomberg] Kuroda Sees Less Risk to Economy as BOJ Keeps Record Stimulus 

[Bloomberg] Used-Car Values Boosting Bond Bets Stoke Concern of Overheating

[Bloomberg] Desperate from Drought, California Turns to Desalination

[AP] Report: Iran sends navy vessels near Yemen amid airstrikes

[Reuters] U.S. defense chief warns against militarization of territorial rows in Asia