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EIA Aims to Provide More Accurate Weekly Numbers

OIL

The EIA has said that crude oil blending and under-reported oil output were key reasons for recently high adjustment figures in the weekly oil inventory data.

  • The EIA will change its surveys to get more accurate crude output data and also change its accounting methods for crude oil blending it said.
  • It has posted three consecutive weeks of relatively high adjustments to crude inventory data.

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