US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (11 Charts).
MAIN TAKEAWAY
To some extent, crude oil inventories are still following historical trends.
The sharp increase in demand two weeks ago was countered by a decline in demand last week, exhibiting lackluster growth.
We stated in recent weeks that concerns about the decline in crude oil inventories at Cushing are overblown. Cushing inventories increased again. (see Figure 11)