Crude Oil Inventories Continue to Rise

This morning's release of the weekly energy inventory report from the Department of Energy showed that crude oil inventories increased by nearly 2.8 million barrels, which was 1.8 million barrels more than expected. With inventories up by 2.8 million barrels for the second month in a row, they remain well above their historical average.

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Comments

[Earthizen:]

Inventories up, price up, too! Must be the quarter end marking factor.

Sep 30 02:34 PM

[bdcruzer:]

how come no one is talking about adding to the Strategic Reserve since demand is so soft?

Oct 01 12:07 PM