The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks gained +2.31 mmb to 1292.63 mmb in the week ended April 2. Crude oil inventory sank -3 522 mmb (consensus: -1.44 mmb) to 498.31 mmb. Stockpile decreased in 4 out of 5 PADDs. Cushing stock […]
The post US Crude Inventory Declined More than Expected. Refinery Products Saw Stock-build appeared first on Action Forex.