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Crude Oil Report Crude Oil Report: Despite Surge In Inventories, Calls For End Of Oil’s Bull Run May Be Premature - Written by Sumit Roy |
- March 28, 2012
Crude Oil Report: Despite Surge In Inventories, Calls For End Of Oil’s Bull Run May Be Premature
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Gasoline inventories fell by 3.5 mmbbl against the five-year average of a 1.9 mmbbl draw. The surplus in the category fell to 5.6 mmbbl, or 3.3 percent. Distillate inventories fell by 0.7 mmbbl against the five-year average of a 0.4 mmbbl decline. In turn, the distillate surplus now stands at 1.9 mmbbl, or 1.4 percent.
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