US Crude Oil Inventory Gained, While Refined Product Stockpile Rose Sharply Last Week

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +14.77 mmb to 1287.84 mmb in the week ended January 3. Crude oil inventory gained +1.16 mmb (consensus: -3.57 mmb) to 431.06 mmb. Inventory in PADD 3 (Gulf Coast) fell -2.14 mmb. Cushing stock [&#8230;]</p>
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