2025-02-27 16:54
IndustryUS Crude Stock Drop But Fuel Demand Concerns Persi
EIA data shows US crude stocks fell by 2.33 million barrels, contrary to analyst expectations of a 2.51 million barrel increase.
Refining activity rose, but gasoline and distillate inventories unexpectedly increased, raising concerns over weak fuel demand.
UBS analysts believe the market’s negative response to the rise in distillate stocks is likely linked to reduced refined product exports.
#CrudeOil #FuelDemand #EIA
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US Crude Stock Drop But Fuel Demand Concerns Persi
| 2025-02-27 16:54EIA data shows US crude stocks fell by 2.33 million barrels, contrary to analyst expectations of a 2.51 million barrel increase.
Refining activity rose, but gasoline and distillate inventories unexpectedly increased, raising concerns over weak fuel demand.
UBS analysts believe the market’s negative response to the rise in distillate stocks is likely linked to reduced refined product exports.
#CrudeOil #FuelDemand #EIA
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