US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (12 Charts).
MAIN TAKEAWAYS
Refinery utilization increased above 90% and helped lower crude inventories more than expected.
We expect inventories to continue to decline with a few surprises here and there. But we still need to see a major increase in crude exports to lead to a meaningful drop in US crude inventories.
IN DETAIL
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