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US Crude Stocks Fall By Most Since December

Oil

US crude oil inventories dropped by the most since December, falling 2.17M bbls w-o-w to 533.38M bbls in the week ending 7 April, the US EIA has said. However, this is still only just below the prior week’s record high. US crude refinery throughputs rose by 268K b/d w-o-w to 16.70M b/d, the highest since January. US crude imports edged up by 28K b/d w-o-w to 7.9M b/d.