US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (11 Charts)
MAIN TAKEAWAY
Crude oil inventories declined, following historical trends but remained at comfortable levels. Crude oil inventories are higher than that of last year for the same period by 16.7 mb. The decline is normal and tax-related as the year comes to an end.
Supposedly, the EIA has solved the high adjustment numbers and the large swings, but the data show otherwise, the adjustment numbers and the large swings remain very high. For last week, the adjustment was about -7 mb!
IN DETAIL
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