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Story summary
- U.S. crude oil output fell about 2% in May, averaging 13.71 million barrels per day.
- Exports rose to a record 5.73 million barrels per day in May, up from 5.59 million the month before.
- U.S. demand for crude and petroleum products fell 3.5% in May to about 20.07 million barrels per day, the lowest since March 2025.
- Distillate fuel demand dropped to 3.57 million barrels per day in May, the lowest since June 2020.
