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QP - The Week in Crude Oil Markets - October 28, 2019
US crude oil inventories decreased by 1.7 MMbbl the week that ended Oct. 18, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories decreased 3.1 MMbbl and 2.7 MMbbl, respectively. Total petroleum inventories posted a substantial decline of 9.0 MMbbl. US crude oil production was unchanged from the previous week, while crude oil imports were down by 0.44 MMbbl/d to 5.9 MMbbl/d. WTI prices spent the week gaining on......
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