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EIA: US crude inventories declined for the seventh straight weekEIA: US crude inventories declined for the seventh straight week |
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The Energy Information Agency has released the weekly data on the US crude inventories that showed 6.9 million barrels dropped to 445.5 million barrels by the week ending 2 July 2021 – the seventh straight falling week.
Refinery utilization rate fell 0.7 percentage points to 92.2%.
Total gasoline inventories decreased 6.1 million barrels last week, indicating the strong demand during the driving season.
