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QP - The Week in Crude Oil Markets - January 13, 2020

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US crude oil inventories increased 1.2 MMbbl the week that ended Jan. 3, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 9.1 MMbbl while distillate inventories increased by 5.3 MMbbl. Total petroleum inventories posted a very large increase of 14.8 MMbbl. US crude oil production was flat from the previous week, while crude oil imports rose 0.38 MMbbl/d to 6.7 MMbbl/d. Crude oil prices sharply reversed direction before......
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