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U.S. Crude-Oil Inventories Fall Despite Refinery Activity Slowdown - The Wall Street Journal

The Wall Street Journal · last updated

U.S. Crude-Oil Inventories Fall Despite Refinery Activity Slowdown - WSJ

Sept. 20, 2023 11:32 am ET

U.S. inventories of crude oil declined last week even as refinery activity slowed down much more than expected, according to data released Wednesday by the Energy Information Administration.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum