Crude oil futures fell back on Thursday’s session after making big gains in the previous session, with the latest weekly data showing a "massive" increase in U.S. domestic distillate and gasoline stockpiles, suggesting anemic demand for oil products likely due to well above normal temperature cycle this winter. According to the Energy Information Administration (EIA), U.S. crude inventories for the final week of 2023 fell by a bigger-than-expected margin at 5.5M barrels; however, gasoline inventories surged by 10.9M barrels,…
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