Crude stocks in commercial storage shot up last week, as the US government made more sales from its strategic reserve and refineries curbed output in the wake of weaker demand. With both factors set to persist, further increases in commercial crude stocks are likely in the months ahead.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services