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US Crude Runs Fall To Lowest Since May

Oil

US crude oil refinery throughputs dropped by 262K b/d w-o-w to a 7-week low of 16.89M b/d in the week ending 23 June, according to the US Energy Information Administration (EIA). In contrast, US crude stocks increased by a marginal 118K bbls from the prior week to 509.21M bbls, while US crude imports rose by 140K b/d w-o-w to 8.02M b/d.