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US Distillate Inventories Boost Diesel and Crude Oil Prices

Gordon Kristopher
US Distillate Inventories Boost Diesel and Crude Oil Prices

The EIA estimates that US distillate inventories decreased by 3.9 MMbbls (million barrels) to 118.8 MMbbls from April 20 to 27. Inventories also declined by 31.5 MMbbls or ~21% year-over-year.