Dmytro Kharkov

Rory Johnston: U.S. crude oil inventories surge by 17.4 million barrels

Rory Johnston: U.S. crude oil inventories surge by 17.4 million barrels
U.S. crude inventories surge sharply

Rory Johnston highlights a significant increase in U.S. commercial petroleum inventories, with crude oil stocks rising by 17.4 million barrels last week. This large build was offset partially by a 6.1 million barrel draw from the Strategic Petroleum Reserve.

Refined products saw modest declines during the same period.

Johnston regularly provides weekly insights into trends in crude prices and inventory movements, as seen in his recent market summary. He has previously reported on data gaps related to China’s crude oil flows, noting a 1.6 million barrel per day discrepancy potentially linked to understated refining cuts and Strategic Petroleum Reserve activity in prior analysis. These topics continue to factor into his commentary on global supply and inventory shifts.

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