US Distillate Fuel Exports Hit Record High

Hyperdash NewsCommodities

The United States exported a record volume of distillate fuel last week. This surge in exports led to a decrease in domestic stockpiles as global demand for diesel drew down US supplies.

This record export level indicates strong international demand for refined products, which could support crude oil prices and benefit refiners. The early reaction on Hyperdash shows

WTI Crude down -0.02% and Brent Crude down -0.01%.

SourcesBloomberg

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