OIL: US Daily Oil Summary:

The US Strategic Petroleum Reserve received an inflow of oil for the seventh straight week of 600k barrels of sour crude according to data from the Department of Energy.

• US imports of European gasoline fell to a five-month low last week according to Bloomberg vessel tracking. Gasoline imports sunk to 88k b/d, the lowest since the week ended April 6 and down from 243k b/d the week prior.
• Phillips 66 is repairing the CDU at the Borger oil refinery – stating the process began Friday night and could continue through until Thursday night before its intended restart.
• Regulatory and legal setbacks for pipeline infrastructure in the US could lead to bottlenecks and deeper regional price discounts, according to Platts.
• The USD has pared some of its overnight losses, but still trades lower vs. most G10 peers.
• House Republicans reached an agreement yesterday on a short-term measure to keep the government funded but optimism was fleeting as conservatives immediately took to social media to oppose the bill.