U.S. Crude Oil Inventories Plunge Following Massive Build ...Middle East

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U.S. Crude Oil Inventories Plunge Following Massive Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 609,000 barrels in the week ending February 13, after increasing by 13.4 million barrels in the week prior. Inventories in the US Strategic Petroleum Reserve (SPR) keep climbing week after week. The Department of Energy (DoE) reported that crude oil inventories rose by 200,000 barrels to 415.4 million barrels in the week ending February 13. This is 310.1 million barrels shy of maximum capacity. US production stopped its fifth week in a row losing…

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