US Oil Inventory Climbed Higher Across the Board, After Weeks of Withdrawal

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 13. Crude oil inventory added 1.06 mmb to 417.13 mmb (consensus: -2.5 mmb). Inventories decreased in 4 out of 5 PADDs. Cushing stock dropped […]

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