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QP - The Week in Crude Oil Markets - December 9, 2019
US crude oil inventories decreased by 4.9 MMbbl the week that ended Nov. 29, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased by 3.4 MMbbl and distillate inventories by 3.1 MMbbl, and total petroleum stocks were down by 4.9 MMbbl, excluding the Strategic Petroleum Reserve. US crude oil production was flat on the week, while imports were down 0.2 MMbbl/d to 6.0 MMbbl/d. WTI started the week firm......
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