Crude Stocks Fell for First Time in 11 Weeks
BonTradeAccording to the DOE/EIA weekly report, total crude oil and petroleum products stocks gained +6.79 mmb to 1087.31 mmb in the week ended June 1. Crude stockpile decreased -0.11 mmb to 384.63 mmb as stockpiles dropped 3 out of 5 PADDs. Cushing stock added +0.93 mmb to 47.78 mmb. Utilization rate climbed +1.9% to 89.1%.
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Crude Stocks Fell for First Time in 11 Weeks
