US commercial crude oil inventories dropped -1.0m barrels in the week ending January 28, versus expectation of 1.8m rise. At 415.1m barrels, oil inventories are about -9% below the five year average for this time of year. Gasoline inventories rose 2.1m barrels. Distillate dropped -2.4m barrels. Propane/propylene dropped -4.3m barrels. Total commercial petroleum inventories dropped […]
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