Energy & Agriculture Update: Crude Up 5.52M Barrels
Quick Look Crude oil prices stayed within a narrow range, with significant refinery margin improvements. US commercial crude oil inventories surged by 5.52 million barrels. Gasoline and distillate stocks dropped, indicating increased demand. Midwest refinery utilization rates climbed to 95.1%, reflecting robust processing activity. Gold reserves in China increased, while US agricultural stock estimates show …
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