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US Crude Runs Drop To 11-Week Low

Oil

US crude refinery throughputs decreased by 421K b/d w-o-w to 16.0M b/d, the lowest since November, according to the US Energy Information Administration (EIA). US crude imports dropped by 568K b/d from the prior week to average a three-week low of 7.8M b/d. US crude oil inventories rose by 2.8M bbls to 488.3M bbls, the highest since November.