Combined EIA crude and product inventories increased over the week ending June 7 by 1.9MM bbl to 848.8MM bbl.Crude oil stocks grew 2.2IV1M bbl to 485.5MIM bbl,bitting a high not seen since July 2017 and surprising analysts who had expected a 481K-bbl dip.The large build came about despite a 140K-b/d week-on-week decrease in net crude imports,a 126K-b/d increase in refinery crude runs,and a lOOK-b/d decline in domestic crude production.Also,crude stocks held at the NYMEX WTI delivery point of Cushing,Oklahoma climbed 2.1MM bbl to 52.9MM bbl.
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