Both Crude Oil and Gasoline Inventory Fell Last Week

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -3.14 mmb to 1295.96 mmb in the week ended September 6. Crude oil inventory declined -6.91 mmb to 416.07 mmb (consensus: -2.69 mmb). Inventories decreased in ALL 5 PADDs. Cushing stock dropped -0.8 mmb […]

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