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U.S. Crude Oil Inventories Rise by 8.7 Million Barrels
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Overview
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U.S. crude oil inventories rose by 8.7 million barrels, with gasoline stockpiles increasing and distillate stocks decreasing. Refining capacity utilization rate was 87%.
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How might the increase in crude oil inventories impact oil prices?
What are the potential implications of the decrease in distillate stocks?
What factors contributed to the rise in gasoline stockpiles?
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