The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks plunged -16.8 mmb to 1402.34 mmb in the week ended October 30. Crude oil inventory dived -8 mmb (consensus: +0.89 mmb) to 484.43 mmb. Stockpile increased in 4 out of 5 PADDs. However, PADD3 (Gulf […]
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