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Oil Stocks Up For 9th Straight Week
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles jumped to their highest level since August 1990 amid a drop in refinery utilization. The agency’s report further revealed that refined product inventories – gasoline and distillate – dropped from their previous week levels despite weaker demand. The Energy Information Administration (“EIA”) Petroleum Status [...]
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles jumped to their highest level since August 1990 amid a drop in refinery utilization. The agency’s report further revealed that refined product inventories – gasoline and distillate – dropped from their previous week levels despite weaker demand. |
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