Energy Data Response

31 January, 2018

US Weekly Petroleum Status Report

A slump in demand for oil from refineries and another increase in production combined to boost US crude inventories last week for the first time since mid-November. At least part of the recent surge in oil prices has been driven by the persistent falls in US crude stocks over the last few months. We expect a continued rebound in inventories to put some downward pressure on prices in the first half of 2018.

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