Oil Inventories Fell Across the Board
BonTradeTotal crude oil and petroleum products stocks declined for a third week, down -6.53 mmb to 1051.08 mmb in the week ended February 25. Crude stockpile slipped -0.36 mmb to 346.38 mmb during the week. Crude oil inventory fell in Gulf Coast and Rocky Mountain but was modestly offset by gains in East Coast, Modwest and West Coast. Cushing stock also gained +1.13 mmb during the week. Utilization rate climbed +1.5% to 80.9%.
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Oil Inventories Fell Across the Board
