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Possible Delay to German State-by-State CPI

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Cushing Inventories Increase to Highest Since May

OIL

EIA data showed Cushing inventories continue to edge higher to the highest since May.

  • Stocks are increasing during the seasonal refinery maintenance period but could start to decline again when they start to return from outages.
  • WTI-Brent spread traded as wide as -8.7$/bbl yesterday but has since close back to -7.8$/bbl.

Source: MNI / EIA

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