The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +3.59 mmb to 1288.89 mmb in the week ended March 12. Crude oil inventory gained +2.4 mmb (consensus: +2.96 mmb,) to 500.8 mmb. Stockpile increased in 2 out of 5 PADDs. PADD 3 (Gulf […]
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