US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (11 Charts).
MAIN TAKEAWAY
Crude oil inventories are still following historical trends.
Weekly US demand for petroleum products decreased from the highs of last week but remained above 20 mb/d.
We stated last week that concerns about the decline in crude oil inventories at Cushing are overblown at this stage. Cushing inventories increased. (see Figure 11)