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Europe’s oil stocks fell y/y in May -Euroilstock

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Crude and fuel stocks held by European refiners stood at 1.02 billion barrels in May, up 0.7% on the month but 1.1% lower on the year, Euroilstock data showed on Tuesday. The year-on-year drop was driven mainly by crude oil stocks, which fell 2.7% from 12 months earlier to 430 million barrels last month. The ...

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