API: US product demand highest for October since 2007

Total US petroleum product deliveries averaging 19.9 million b/d reached their highest October monthly average since 2007, the American Petroleum Institute said in its latest monthly statistical report. Demand last month, which API expresses as products supplied, was 1.1% higher than October 2016's average of nearly 19.7 million, with jet kerosene, motor gasoline, and residual fuel oil showing the largest year-to-year percentage gains.

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