US Crude Oil Inventories Increase By A Whopping 8 Million Bbls -- One Of The Biggest Increases In Recent Memore -- WTI? Flat -- January 24, 2019

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Title : US Crude Oil Inventories Increase By A Whopping 8 Million Bbls -- One Of The Biggest Increases In Recent Memore -- WTI? Flat -- January 24, 2019
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US Crude Oil Inventories Increase By A Whopping 8 Million Bbls -- One Of The Biggest Increases In Recent Memore -- WTI? Flat -- January 24, 2019

US weekly crude oil inventories: link here.
US crude oil inventories increased by a whopping 8 million bbls (exactly as predicted late last night)
WTI: drops a penny
US crude oil inventories now at 445.0 million bbls
US crude oil inventories now 9% above the five-year average; and the five-year average has been rising for the past several years -- so going back to historical norms, we are well above the 9%
 



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