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flag U.S. crude oil inventories unexpectedly rose, while gasoline and distillate stocks fell, amid OPEC+ output concerns.

flag The U.S. Energy Information Administration reported that crude oil inventories unexpectedly increased by 0.2 million barrels in the week ending April 18, contrary to forecasts of a 0.7 million barrel decline. flag Despite this increase, inventories remain 5% below the five-year average. flag Gasoline and distillate fuel inventories fell by 4.5 million and 2.4 million barrels, respectively, with both about 3% and 13% below their five-year averages. flag Additionally, U.S. crude oil refinery inputs and oil imports and exports declined. flag Crude oil prices also fell due to reports of OPEC+ considering accelerating output increases.

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