U.S. OIL IMPORTS RISING; OIL EXPORT BAN BLOCKED

With U.S. oil production still declining, imports supplied more than 50% of the oil the nation consumed in May, the third month in the last 12 in which imports topped that mark. The American Petroleum Institute pegs imports of crude oil and petroleum products at 52% of U.S. supply: 8.511 million b/d, up 11.7% from the 7.62 million b/d imported in May 1989. Total deliveries of products averaged 16.271 million b/d, down 1.3% from the 16.488 million b/d recorded a year ago.

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