U.S. Oil Demand Surges, Output Slows
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oil pricesReuters
•US oil demand grew to highest seasonal level since 2019 in July, EIA data shows
79% Informative
U.S. oil consumption rose 1.2% from June to 20.48 million barrels per day (bpd) in July .
Demand for both gasoline and ultra-low sulfur diesel was at the highest seasonal levels since 2019 .
Meanwhile, oil output in the country slowed marginally for the second time in three months .
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