According to the DOE/EIA weekly report, total crude oil and petroleum products stocks rose +8.41 mmb to 1055.83 mmb in the week ended January 27. Crude stockpile increased +4.18 mmb to 338.94 mmb as stocks gained in 4 out of 5 PADDs. Cushing stock added +1.48 mmb to 30.12 mmb. Utilization rate slipped -0.4% to 81.8%.
Read more:
Oil Inventory Soared for a Second Consecutive Week
Leave a Reply
You must be logged in to post a comment.