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API weekly crude stock exceeds forecast, signaling weaker demand

The American Petroleum Institute (API) has reported the weekly inventory levels of US crude oil, gasoline, and distillate stocks. The API weekly crude stock, an indicator of US petroleum demand, has shown an actual increase of 4.600 million barrels. This figure significantly exceeds the forecasted decrease of 2.500 million barrels, implying weaker demand for crude ...

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