EIA reports massive rise in US crude oil stocks
Commercial US crude oil inventories increased by a massive 17.4 million bbls to 424.4 million bbls in the week ending 7 August, according to data from the EIA. US refinery utilisation has remained largely unchanged at 96.2%, slightly lower than the previous week’s 96.5%. Gasoline stocks decreased by 968,000 bbls over the week to 208.7 ...
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