Weekly Fundamentals - US oil Inventory Soared amid Production Gains and Refinery Turnarounds

US crude inventory climbed higher for 5 consecutive weeks with stockpile gaining a total of 924.5M bpd over the past 2 weeks. The build-up in inventory was driven by both refinery turnaround and increasing crude production. As a result inland-coastal differentials widened.

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Weekly Fundamentals - US oil Inventory Soared amid Production Gains and Refinery Turnarounds

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