Oil Inventories Rose Across the Board
The DOE/EIA reported that total crude oil and petroleum products stocks increased +3.40 mmb to 1044.32 mmb in the week ended December 30. Crude stockpile added +2.21 mmb to 329.69 mmb as stocks in climbed in 3 out of 5 PADDs. Cushing stock slipped -0.61 mmb to 29.30 mmb. Utilization rate increased +0.80% to 85.0%.
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Oil Inventories Rose Across the Board

