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US distillate stocks in largest rise since January

Oil

US distillate fuel oil inventories climbed by 5M bbls w-o-w to total a two-month high of 149.4M bbls in the week ending 4 December, data from the US EIA shows. This is the largest w-o-w rise since January 2015. The majority of the rise occurred in the Midwest and Gulf Coast PADD regions, with East Coast supplies edging downwards (although the latter remains near the prior week's four-year high).