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US Crude Runs Finding Strength

OIL

US crude inputs rose to 15.9mn bpd last week, 239,000 bpd higher than the week prior and the highest pace since last August.

  • US refinery utilisation rose to 91.8%, the highest rate since late March and up from 90% the week prior.
  • Crude runs in the US are starting to respond to weak domestic gasoline and diesel inventories as well as strong demand for refined products in South America and Europe.

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