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US Crude Exports Average Second Highest On Record

Oil

US crude oil exports in May increased by 22K b/d m-o-m and 361K b/d y-o-y to 1.02M b/d, the second highest on record, data from the US International Trade Commission shows. Shipments to Asia dropped by 247K b/d m-o-m (with more going to Canada, other countries in the Americas and Europe) but were still up by 196K b/d y-o-y to 241K b/d.