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U.S. crude stocks down, fuel inventories up as refiners hit the gas -EIA

Reuters · David Gaffen · last updated

June 29 (Reuters) — U.S. crude stocks fell in the latest week but fuel inventories rose, the government said on Wednesday, as refiners picked up activity, while industry production hit its highest in more than two years in response to tight worldwide supply and high prices. 

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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.

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