US Crude Inventory Gained over 3M bpd, while Distillate Stockpile Continued to Retreat from 2.5-Year High
<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +1 mmb to 1295.4 mmb in the week ended January 24. Crude oil inventory gained +3.55 mmb (consensus: +0.48 mmb) to 431.65 mmb. Stockpile rose in 4 out of 5 PADDs. Cushing stock added […]</p>
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