Link here.
Weekly EIA petroleum report:
- US crude oil inventories dropped by a whopping 9.9 million bbls;
- US crude oil in storage now stands at 476.7 million bbls, about 5% above the five-year average for this time of the year;
- US crude oil imports little unchanged; about 5.1 million bbls per day last week, decreasing by 1.0 million bpd from the previous week
- refiners are operating at a pretty decent (considering all the headwinds) 81.7% capacity;
- distillate fuel inventories decreased by 0.8 million bbls; about 8% above their five-year average;
- jet fuel supplied was down 28.2% compared with same four-week period last year;
Despite the good numbers, WTI is flat, trading at $52.79. [Later: see first comment. This statement not needed. LOL.]
