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US Weekly Private Inventory Data (bbls): Crude -0.3mln (exp. -1.3mln), Gasoline -1.9mln (exp. -1.8mln), Distillate +2.0mln (exp. -0.2mln), Cushing -0.3mln

StockNow breaking-news AI analysis

Traders tracked API private inventory figures as Strait of Hormuz tensions pushed crude higher and refining bottlenecks drove product futures to record levels, weighing on consumer demand.

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