US crude stockpiles plunge as refining activity picks up

MOSCOW (MRC) -- US crude oil stocks plunged unexpectedly last week, tumbling by more than 6 million barrels, as refiners ramped up production rates to pre-pandemic levels in March amid rising fuel demand, reported Reuters with reference to the Energy Information Administration's statement.Crude inventories fell by 6.6 million barrels in the week to Feb. 5 to 469 million barrels, compared

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