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First US Crude Stocks Build For 9 Weeks

Oil

US crude oil inventories climbed by 3.30M bbls w-o-w, albeit it to only a 2-week high of 513.21M bbls, according to the US EIA. US crude runs fell by 283K b/d from the prior week’s record high to 17.23M b/d, while US crude imports were up by 356K b/d w-o-w to 8.34M b/d.