According to the latest data from the Energy Information Administration (EIA), U.S. weekly refinery utilization rates have seen a slight uptick. As of August 28, 2024, the current utilization rate stands at 1.0%, up from 0.8% the previous week.This week-over-week comparison highlights a steady increase in refinery output capacity, perhaps reflecting ongoing recovery and stable demand in the energy markets. Analysts suggest that this trend could be a sign of stabilizing economic activity, even amidst global market fluctuations.Continued monitoring of these rates will be crucial for market stakeholders, as they offer valuable insights into the broader health of the energy sector and its alignment with consumption patterns. For now, the increase suggests reinforced confidence in the operational capabilities of U.S. refineries.The material has been provided by InstaForex Company – www.instaforex.com
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