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Crude Inventory Unexpectedly Fell Last Week

According to the DOE/EIA weekly report, total crude oil and petroleum products stocks declined -3.97 mmb to 1055.97 mmb in the week ended February 10. Crude stockpile decreased -0.17mmb to 339.08 mmb as stocks fell in 3 out of 5 PADDs. Cushing stock added +1.99 mmb to 32.48 mmb. Utilization rate increased +1.2% to 84.0%.

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Crude Inventory Unexpectedly Fell Last Week

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