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U.S. crude stocks slump nearly 13 million barrels as exports hit record high: EIA

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U.S. crude stocks slump nearly 13 million barrels as exports hit record high: EIA GlobeBusiness

Refinery crude runs rose by 73,000 bpd, EIA data showed. Refinery utilization rates rose by 0.3 percentage points to 94.2% of total capacity.

Gasoline stocks fell by 996,000 barrels, compared with analysts’ expectations in a Reuters poll for a 288,000-barrel gain. U.S. gasoline futures extended earlier gains, as that contract had already been rallying on news that Philadelphia Energy Solutions was planning to close the largest U.S. East Coast refinery after a massive fire last week.

Distillate stockpiles, which include diesel and heating oil, fell by 2.4 million barrels, versus expectations for a 522,000-barrel increase, the EIA data showed.

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globebusiness numbers DON'T add up,something's wrong,numbers don't lie,impossible crude draw,can't happen compared to 2018,absolutely impossible

globebusiness Makes sense as all Canadian energy capital has fled south to a more “predictable” investment climate in the US...

terencecorcoran globebusiness I don’t see much protesting about this.

globebusiness Imagine being able to export your oil. What’s that like?

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