Crude Oil Price Slumps as Inventory Jumps
BonTradeTotal crude oil and petroleum products stocks rose +0.59 mmb to 1132.78 mmb in the week ended October 22. Crude oil inventory soared +5.01mmb to 366.21 mmb as stock-builds were recorded in all 5 regions. Cushing stock, however, slipped -0.35 mmb to 33.66 mmb. Utilization rate rose for a second week to 83.7%.
View original post here:
Crude Oil Price Slumps as Inventory Jumps
