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US crude inventories rise as imports jump ahead of new tariffs, EIA says

U.S. crude oil stockpiles rose sharply last week as refinery utilization declined and imports rose and the market braced for new tariffs from the Trump administration, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the EIA said, compared with ...

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