US Crude Inventory Continued to Trim, while Petroleum Stockpile Gained Further

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -9.43 mmb to 1334.27 mmb in the week ended January 8. Crude oil inventory dropped -3.25 mmb (consensus: -2.27 mmb) to 482.21 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 3 (Gulf [&#8230;]</p>
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