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US crude stocks decline less than forecasted, signaling weaker demand

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The American Petroleum Institute (API) has released its weekly report on the inventory levels of US crude oil, gasoline, and distillates stocks. The data, which provides an overview of US petroleum demand, revealed a less-than-expected decrease in crude inventories. According to the API, the actual decrease in crude stocks was 1.442 million barrels. This figure ...

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