Total crude oil and petroleum products stocks climbed +0.48 mmb to 1065.56 mmb in the week ended July 1. Crude stockpile fell for a 5th consecutive week, by -0.89 mmb, to 359.47 mmb during the week with draws recorded in 3 out of 5 PADDs. Cushing stocks also slipped -0.46 mmb to 37.04 mmb. Utilization rate climbed +0.3% to 88.4%.
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Crude Stock-Draw Misses Expectations
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