The volume of US crude oil inventories has continued to rise, by more than 35 million barrels in the past 10 weeks about 10% of the volume of all crude inventories, even though refining run rates have begun rising now that maintenance season is over. In any case, the market is expected to focus more dwindling stocks of distillates rather the rising oil stocks, and many traders are betting on oil prick rising as refiners begin to produce more heating fuels for winter.
stocks