Weekly Crude oil inventories rose 4.199M versus 2.743M estimate ...Middle East

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Weekly Crude oil inventories rose 4.199M versus 2.743M estimate
Crude oil stocks rose by 4.2 million barrels to 447.16 million, against a forecasted 2.7 million barrel increase.Distillate stocks decreased by 510,000 barrels to 121.14 million, versus a forecasted 2.1 million barrel draw.Gasoline inventories declined by 2.8 million barrels to 244.21 million, compared to an expected 1.5 million barrel draw.Other details of the data shows:Crude exports fell by 237,000 barrels per day (BPD) to 4.73 million BPD.Product demand over the previous four weeks was 19.48 million BPD, down 3.2% from the same period last year.Net crude imports decreased by 32,000 BPD to 1.66 million BPD.Product imports dropped by 888,000 BPD to 1.37 million BPD.Heating oil inventories

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