US crude stocks remain much higher than normal and continue to increase. Stocks are now 68.5mb above the level seen last year and 26.4mb above the five year average. Crude stocks typically increase over the next couple of months during the spring refinery maintenance program and there is no sign of demand improving. Therefore we expect Brent Crude to remain weak.
Weekly highlights: Crude
OMJ - Oil Market Journal - Contributor Content
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