US crude oil inventory builds likely extend amid slow exports, tepid refinery demand

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Counter-seasonal US crude oil inventory builds likely extended in the week to July 8, analysts surveyed by S&P Global Platts said July 11, as exports held near the bottom of their recent range. Nationwide commercial crude stocks likely climbed 1.4 million barrels in the week to jul8 to around 425.2 million barrels, analysts said. The expected increase would put inventories…