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QP - The Week in Crude Oil Markets - October 7, 2019
US crude oil inventories posted an increase of 3.1 MMbbl for the week that ended Sept. 27, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories decreased 0.2 MMbbl and 2.4 MMbbl, respectively. Total petroleum inventories decreased 0.9 MMbbl. US crude oil production decreased 100,000 bbl/d, while crude oil imports were down 0.9 MMbbl/d to 6.3 MMbbl/d. Crude spent most of the week in decline before finding some support......
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