US EIA Refinery Crude Runs Change (Jan/30) -0.18M (Prev. -0.395M)
Newsquawk Staff ·
US EIA Refinery Crude Runs Change (Jan/30) -0.18M (Prev. -0.395M)
What it means
The EIA report showing a decrease in US refinery crude runs by 0.18 million barrels, albeit smaller than the previous decline of 0.395 million, suggests some stabilization in refining activity. While the decline may reflect current supply constraints or demand fluctuations, it is also crucial for gauging overall market dynamics, particularly in WTI and Brent prices that can be influenced by refining capacity changes and geopolitical factors.
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