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US Crude Stocks Edge Upwards To Fresh Record

Oil

US crude oil inventories increased by 0.6M bbls w-o-w to a second-consecutive weekly record high of 518.7M bbls in the week ending 17 February, according to the US Energy Information Administration (EIA). US crude refinery throughputs dipped by 187K b/d to 15.3M b/d, the lowest since October 2015.  US crude imports dropped by 1.2M b/d from the prior week to 7.3M b/d.