US commercial crude oil inventories dropped -4.6m barrels in the week ending January 7. At 413.3m barrels, crude oil inventories are about -8% below the five year average for this time of year. Gasoline inventories rose 8m barrels. Distillate rose 2.5m barrels. Propane/propylene dropped -3.4m barrels. Total commercial petroleum inventories dropped -4.5m barrels. WTI crude […]
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