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Weekly ARA Crude Inventories Fell Second Consecutive Week

OIL

Crude inventories in the European ARA region fell 1.9mn bbl in the week ending 7 July to 57.3mn barrels, Genscape data showed.

  • Crude stocks have declined for the second consecutive week and fell below the five-year average.
  • The largest regional net weekly change was in Rotterdam with a decrease with 1.7mn barrels.

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