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US Crude Oil and Gasoline Inventories Rise, Refiners Maximize Fuel Production
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US crude oil and gasoline inventories increased more than expected last week, while the refining capacity utilization rate was 87%. Analysts estimate that crude-oil inventories and gasoline stocks will likely rise this week, with a small draw on distillates. Refiners are maximizing fuel production due to profitable returns, resulting in distillate stocks rising.
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How might the rise in refining capacity utilization rate impact oil prices?
What are the potential implications of the distillate stockpile decline on the heating and jet fuel markets?
What factors contributed to the increase in crude oil and gasoline inventories?
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