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Europe’s Feb oil inventories down 6.8 pct y/y -Euroilstock

European stocks of crude oil and refined products at the end of February were down nearly 7 percent year on year, Euroilstock data showed.

Total inventories were down only slightly from January but off 6.8 percent from February 2017.

The decline was driven by falls in fuel oil and middle distillates.

Refinery crude intake fell slightly from January but was up 8 percent from a year earlier, the data showed.
Source: Reuters

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