Total crude oil and petroleum products stocks decline -6.00 mmb to 1079.15 mmb in the week ended December 10. This is the lowest level since April 2010. Crude oil inventory plunged -5.33 mmb, compared with consensus of a -2.30 mmb drop, to 340.69 mmb as stockpiles in East Coast, Gulf Coast, Rocky Mountain and West Coast fell during the week. Utilization rate dipped -0.3% to 87.7%.
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WTI Crude Spiked to 90.8 as Inventory Fell More than Expected
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