A post by @DeItaone on X.
US OIL INVENTORIES FALL AS DISTILLATE STOCKS DROP SHARPLY
@DeItaone on X
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US crude inventories fell by 0.9 million barrels to 409.8 million barrels in the latest EIA weekly report, while distillate stocks dropped sharply by 3.6 million barrels to 99.3 million barrels. The larger distillate draw signals tightening middle-distillate supply, a category that includes diesel and heating oil. The data marks another weekly decline in US petroleum inventories. Traders will watch whether the distillate drawdown persists in coming EIA releases and how it feeds through to refined product cracks.
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Named in this story
EIA, Walter Bloomberg