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Macquarie Strategists Forecast USA Crude Inventory Rise

Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.605 billion barrels on April 18, the report highlighted. Total petroleum stocks were down 0.3 million barrels week on week and up 5.9 million barrels year on year, the report outlined.