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API Weekly Crude Stock reports unexpected decline, signaling bullish trend for crude prices

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In the latest report, the American Petroleum Institute (API) has announced a surprising decline in the inventory levels of US crude oil, gasoline, and distillate stocks. The actual number came in at -0.640M, indicating a decrease in crude inventories. This decline sharply contrasts with the forecasted increase of 2.300M, suggesting a stronger demand than initially ...

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