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QP - The Week in Crude Oil Markets - December 16, 2019
US crude oil inventories increased by 0.8 MMbbl the week that ended Dec. 6, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 5.4 MMbbl while distillate inventories were up 4.1 MMbbl. Total petroleum inventories posted a significant gain of 17.2 MMbbl. US crude oil production was down 100,000 bbl/d compared to the prior week, while imports were up 890,000 bbl/d to 6.9 MMbbl/d. WTI prices were firm last......
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