Crude Inventory Jumped, More than Reversing Drop in the Prior Week
BonTradeTotal crude oil and petroleum products stocks rose for the first time in 3 weeks, by +2.91 mmb to 1033.58 mmb in the week ended April 22. Crude stockpile jumped +6.16 mmb to 363.13 mmb during the week with stock-builds were found in 4 out of 5 PADDs. Cushing stocks also fell -0.74 mmb to 40.39 mmb. Utilization rate climbed +0.2% to 82.7%.
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Crude Inventory Jumped, More than Reversing Drop in the Prior Week
