US oil stocks rise to new high

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Report summary

US oil stocks reached breached the 500 million barrel level for the first time in the modern era. Last year the spring crude oil stock build added 100 million barrels in just four months. This year's seasonal stock build looks to be different for several key reasons. This has implications for the Brent-WTI differential.

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    US oil stocks rise to new high

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  • US oil stocks rise to new high

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  • Chart 1: US crude stocks reach new highs
  • Chart 2: US refinery crude runs are rising

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