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US distillate stocks rise

Oil

US distillate inventories rose by 3.1M bbls w-o-w to 144.4M bbls in the week ending 27 November, EIA data shows. This was driven by a 2.1M bbls increase in East Coast distillate stocks which were up 2.1M bbls from the prior week to 63.3M bbls, the highest since January 2011.