US EIA Refinery Crude Runs Change (Jan/16) -0.354M (Prev. 0.049M)
Newsquawk Staff ·
US EIA Refinery Crude Runs Change (Jan/16) -0.354M (Prev. 0.049M)
What it means
The US EIA's latest report indicates a decline in refinery crude runs, dropping by 0.354 million barrels per day compared to a prior increase. This contraction in refining activity might suggest weaker demand for crude, which could impact oil prices, potentially leading to a bearish sentiment in the market as traders assess how this aligns with recent broader trends in energy consumption and production.
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