US commercial crude oil inventories dropped -4.8m barrels in the week ending February 4. At 410.4m barrels, oil inventories are about -11% below the give year average for this time of year. Gasoline inventories dropped -1.6m barrels. Distillate dropped -0.9m barrels. Propane/propylene dropped -1.9m barrels. Total commercial petroleum inventories dropped -8.1m barrels. WTI crude oil […]
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