Distillate Inventory Dropped for the First Time Since May
BonTradeTotal crude oil and petroleum products stocks increased for a 12th week, by +4.04 mmb, to 1143.35 mmb in the week ended August 27. Crude oil inventory gained +3.43 mmb to 361.71 mmb as driven by the builds in the Gulf Coast and the Rocky Mountain. Cushing stock dropped for a third week, by -0.50 mmb, to 35.75 mm. Utilization rate dipped -0.7% to 87.7%.
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Distillate Inventory Dropped for the First Time Since May
