Counter-seasonal US crude draw extends amid stronger exports, refinery utilization

Counter-seasonal US crude oil inventory declines extended in the week ended Jan. 29 as exports pushed to four-week highs, US Energy Information Administration data showed. Total commercial crude stocks fell 990,000 barrels to 475.57 million barrels last week, EIA data showed, leaving them less than 5% above the five-year average, the narrowest supply overhang since …

The post Counter-seasonal US crude draw extends amid stronger exports, refinery utilization first appeared on Hellenic Shipping News Worldwide.

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