Cushing Stock Rose for a 9th Week. Oil Prices Rise as Euro Rebounds on SNB Intervention
BonTrade***UPDATE: Crude oil inventory edged higher, by +0.162 mmb, to 362.7 mmb in the week ended May 14. The increase was lower than market expectations. However, Cushing stockpile also rose by almost +1 mmb to a new record of 37.9 mmb. The positive news is that both gasoline and distillate inventory dipped, by -0.29 mmb and -0.98 mmb, respectively.
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Cushing Stock Rose for a 9th Week. Oil Prices Rise as Euro Rebounds on SNB Intervention
