Crude Inventory Unexpectedly Declined in the US
BonTradeTotal crude oil and petroleum products stocks added declined for a second consecutive week, by -6.74 mmb to 1030.67 mmb in the week ended April 15. The market had anticipated a +1.60 mmb increase. Crude stockpile fell -2.32 mmb to 356.97 mmb during the week with draws seen in all of the 5 PADDs. Cushing stocks also fell -0.77 mmb to 41.13 mmb. Utilization rate soared +1.1% to 82.5%.
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Crude Inventory Unexpectedly Declined in the US
