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QP - The Week in Crude Oil Markets - November 4, 2019

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US crude oil inventories increased 5.7 MMbbl the week that ended Oct. 25, according to last week’s report from the Energy Information Administration. Gasoline inventories decreased 3.0 MMbbl while distillate inventories decreased 1.0 MMbbl. Total petroleum inventories were down 2.2 MMbbl. US oil production was flat on the week, while imports rose 0.84 MMbbl/d to 6.7 MMbbl/d. WTI prices spent most of the week giving back gains made the previous week in anticipation of......
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