Crude Inventory Surged but Price Changed Little
BonTrade***UPDATE: Total crude oil and petroleum product stock surged +4.44 mmb in the week ended June 11. Crude oil inventory increased +1.69 mmb to 363.1 mmb in the week ended June 11, compared with market expectations of a dip of -1.75 mmb. The gain came mainly from Midwest where +1.69 mmb was recorded, partly offset by slides in the East Coast and the Rocky Mountain.
Excerpt from:
Crude Inventory Surged but Price Changed Little
