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PS - The Week in Crude Oil Markets - October 21, 2019
US crude oil inventories posted a substantial increase of 9.3 MMbbl for the week that ended Oct. 11, according to last week’s report from the Energy Information Administration. Gasoline inventories decreased 2.6 MMbbl, and distillate inventories decreased 3.8 MMbbl. Total petroleum inventories posted a decline of 1.6 MMbbl. US crude oil production was unchanged from the previous week, while crude oil imports were up 700,000 bbl/d to an average of 6.3 MMbbl/d. WTI spent......
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