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QP - The Week in Crude Oil Markets - January 6, 2020

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US crude oil inventories decreased by a massive 11.5 MMbbl the week that ended Dec. 27, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 3.2 MMbbl while distillate inventories increased by 8.8 MMbbl. The large crude draw was driven by record weekly exports of 4.672 MMbbl/d, as well as high crude runs of 17.283 MMbbl/d and low imports of 6.352 MMbbl/d—down by 0.46 MMbbl/d versus the previous week.......
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