Crude Oil Inventory Report - Dec 17

dan_s · Post by **dan_s** » Wed Dec 17, 2014 11:02 am

DOE Crude Oil Inventory Report shows a decline of 847,000 bbls for week ended December 12.

Oil inventories normally go down in December because
1. Refiners are making a lot of heating oil
2. Refiners do not want to pay the property taxes on the inventory (calculated as of 12-31).

Chart: http://www.oilandgas360.com/analytics/c ... 4-26406629