According to the DOE/EIA weekly report, total crude oil and petroleum products stocks climbed +1.10 mmb to 1088.47 mmb in the week ended June 8. Crude stockpile decreased -0.19 mmb to 384.44 mmb as stockpiles dropped 3 out of 5 PADDs. Cushing stock fell -0.38 mmb to 47.40 mmb. Utilization rate climbed +1.0% to 92.0%.
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WTI Crude Climbs Higher as Inventory Dropped More than Expected
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