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30 Apr 2020 | 15:44 UTC — New York
New York — US commercial crude inventories climbed 8.99 million barrels to 527.63 million barrels during the week ended April 24, US Energy Information Administration data showed.
The build was realized entirely at Cushing, Oklahoma, the delivery point of the NYMEX crude contract, and on the US Gulf Coast.
Continued production declines coupled with an increase in refinery demand helped blunt the crude build, which came in under 10 million barrels for the first time since mid-March.
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