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U.S. oil imports, exports up last week

The U.S. crude oil imports and exports increased during the week ending July 11, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.

U.S. crude oil imports averaged 6.379 million barrels per day (b/d) last week, up by 366,000 b/d from the previous week, while crude oil exports averaged 3.518 million b/d, up by 761,000 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.314 million b/d, down by 6.3 percent from the same four-week period last year.

During the same period, crude oil exports averaged about 3.213 million b/d, down by 21 percent from the same four-week period last year, according to the report.

The United States has been one of the world’s important oil producers in past years with the help of its shale oil production growth.
Source: Xinhua



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