CAPITALSTARS MCX COMMODITY CRUDE OIL NEWS UPDATE : 10 October 2019

Energy Preview: EIA Crude Inventories Rise For Fourth Straight Week

According to a weekly report by the US Energy Information Administration (EIA), the commercial crude oil inventories in the US increased by 2.9 million barrels in the week ending October 4th, 2019. Inventories rose for the fourth week. Gasoline inventories fell 1.2 million barrels while distillate fuels also reported a decline of 3.9 million barrels. Refineries processed an average 15.7 million BPD of crude last week, producing 10.1 million BPD of gasoline and 4.8 million BPD of distillate fuels.

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