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QP - The Week in Crude Oil Markets - December 2, 2019
US crude oil inventories increased by 1.6 MMbbl the week that ended Nov. 22, according to last week’s report from the US Energy Information Administration. Gasoline and distillate inventories increased 5.1 MMbbl and 0.7 MMbbl, respectively. Total petroleum inventories posted a slight increase of 0.1 MMbbl. US crude oil production rose 100,000 bbl/d, while crude oil imports were up 0.22 MMbbl/d to 6.2 MMbbl/d. WTI prices started the week firm and remained at the......
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