The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -15.05 mmb to 1298.58 mmb in the week ended February 12. Crude oil inventory sank -7.26 mmb (consensus: -2.43 mmb) to 461.76 mmb. Stockpile decreased in 3 out of 5 PADDs. PADD 2 (Midwest) […]
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