U.S. OIL INVENTORY DOWN BY 5.6 MBD
OGJ - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 5.6 million bbl for the week ended Dec. 1 compared with the previous week. The latest estimate is 448.1 million bbl, which puts oil supplies in the upper range for this time of year, the US Energy Information Administration said.
The Petroleum Status Report also…
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