US Crude Oil Inventory Declined Further. Distillate Stockpile Dived on Demand Recovery

<p>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 9. Crude oil inventory fell -3.82 mmb (consensus: -2.84 mmb) to 489.11 mmb. Stockpile gained in 3 out of 5 PADDs. However, PADD 3 […]</p>
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