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US crude runs hit another record high

Oil

US crude refinery inputs edged upwards by 45K b/d w-o-w to average a record 16.9M b/d in the week ending 17 July, according to the US Energy Information Administration. US crude imports rose by 587K b/d from the prior week to 7.9M b/d. US crude inventories were up 2.5M bbls w-o-w to 463.9M bbls. US gasoline stocks fell 1.7M bbls w-o-w to 216.3M bbls, the lowest since November 2014.