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Economy News

The Economic Times

Economy / The Economic Times

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US crude inventories rise as refinery runs ease and imports climb, EIA says

United States crude oil stocks increased by 2.5 million barrels last week. Refinery processing eased slightly, and crude imports saw a modest rise. Gasoline inventories fell by 1.6 million barrels, while distillates decreased significantly. Cushing, Oklahoma, oil inventories also rose above operational requirements. This data led to a decline in U.S. crude futures prices.

5 Aug 2026 9:43 pm