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US Crude Stocks Fall To Fresh 6-Month Low

Oil

US crude oil inventories declined by 4.73M bbls w-o-w to a 6-month low of 490.62M bbls in the week ending 14 July, according to the US Energy Information Administration (EIA). US crude runs fell by 125K b/d from the prior week to 17.12M b/d. US crude imports rose by 368K b/d w-o-w to 8.00M b/d.