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QP - The Week in Crude Oil Markets - August 19, 2019

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US crude oil inventories posted an increase of 1.6 MMbbl last week, according to the weekly US Energy Information Administration report. Gasoline inventories decreased 1.4 MMbbl, while distillate inventories also decreased, shedding 1.9 MMbbl/d. Total petroleum inventories posted a build of 2.4 MMbbl. US crude oil production was flat versus the week before, while crude oil imports were up 0.57 MMbbl/d to an average of 7.7 MMbbl/d. Prices finally got some bullish news early......
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