Oil Plunges Although Crude Inventory Declined
SylviaHunt30The DOE/EIA reported that total crude oil and petroleum products stocks slipped -3.90 mmb to 1036.80 mmb in the week ended November 18. Crude stockpile fell -6.22 mmb to 330.82 mmb as stocks slipped in 3 out of 5 PADDs. Cushing stock, however, climbed +0.01 mmb to 32.02 mmb. Utilization rate increased +0.7% to 85.5%.
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Oil Plunges Although Crude Inventory Declined
