Gasoline Inventory Slumps...

Total crude oil and petroleum products stocks added declined for the first time in 3 weeks, by -4.95 mmb to 1037.41 mmb in the week ended April 8. Crude stockpile climbed +1.63 mmb to 359.29 mmb during the week. Stock-builds were found in East Coast, Gulf Coast and Rocky Mountain but were partly offset by Midwest and West Coast. Cushing stock climbed modestly to 41.90 mmb. Utilization rate plunged -3% to 81.4%, the lowest level since the week ended February 25.

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Gasoline Inventory Slumps...