U.S. OIL INVENTORIES UP 900,000 BBL
OGJ - US crude oil inventories for the week ended Jan. 25, excluding the Strategic Petroleum Reserve, increased by 900,000 bbl from the previous week, data from the US Energy Information Administration showed.
At 445.9 million bbl, US crude oil inventories are about 7% above the 5-year average for this time of year, the report indicated.
EIA said total motor gasoline inventories decreased by 2.2 million bbl and are about 5% above the 5-year range. Finished gasoline inventories…
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