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Energy Preview: US crude oil inventories up for first time in six weeks
03-Jul-2025 08:00
The Energy Information Administration (EIA) reported an increase in its weekly Crude Oil Inventories. US commercial crude stocks reversed course after five weeks of declines after imports surged.Commercial crude oil stocks excluding the Strategic Petroleum Reserve were up by 3.8 million barrels at 419 million barrels in the week ended June 27, and were around 9% below the five-year average for the time of year, the EIA said.

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