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QP - The Week in Crude Oil Markets - November 18, 2019
US crude oil inventories increased by 2.2 MMbbl the week that ended Nov. 8, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 1.9 MMbbl while distillate inventories decreased 2.5 MMbbl. Total petroleum inventories posted a decrease of 5.9 MMbbl. US crude oil production increased 200,000 bbl/d on the week, while crude oil imports were down by 0.37 MMbbl/d to 5.8 MMbbl/d. WTI prices extended upward the range that......
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