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Market Chatter: Singapore's Oil Product Stocks Hit New Low Amid US-Iran War

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-- Singapore's oil product stocks totaled 44.83 million barrels as of May 6, the lowest level in nine months, Reuters reported Thursday, citing data from Enterprise Singapore.

The drop is mainly due to the impact of the U.S.-Iran war, which has disrupted crude and fuel exports across the region, the report said.

Residential fuel inventories came in at 19.88 million barrels, slightly closer to a 50-week low of 19.488 million barrels a week earlier, according to the report.

Meanwhile, middle distillate stocks dropped to 10.077 million barrels, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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