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Weekly DoE Inventories Mixed, With Stocks Seeing Larger Draws Than Forecast

OIL
  • A larger-than-forecast draw for headline crude (-1.8mln bbls vs. Exp. -842k) but focus is on the distillates draw, at a much larger -5.2mln bbls vs. Exp. -1.3mlnb bbls. Refinery utilization inches above forecast and SPR drops 2.5mln bbls to 577mln.

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