Decline in Crude Stockpile Exceeds Expectations
SylviaHunt30Total crude oil and petroleum products stocks fell for the first time in 4 weeks, by -0.62 mmb to 1062.31 mmb in the week ended June 10. Crude stockpile jumped -3.41 mmb to 365.56 mmb during the week with stock-build recorded in 3 out of 5 PADDs. Cushing stocks rose for the third week, by -1.14 mmb to 37.76 mmb. Utilization rate slipped -1.1% to 86.1%.
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Decline in Crude Stockpile Exceeds Expectations
