Oil Extends Weakness as Inventories Rise
SylviaHunt30Total crude oil and petroleum products stocks increased +2.56 mmb to 1087.7 mmb in the week ended July 29. Crude stockpile climbed for a second consecutive week, by +0.95 mmb, to 354.98 mmb as stock-builds in Gulf Coast and East Coast outweighed the draws in other PADDs. Cushing stock fell -1.15 mmb to 35.95 mmb. Utilization rate added +1% to 89.3%.
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Oil Extends Weakness as Inventories Rise
