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QP - The Week in Crude Oil Markets - July 22,2 019

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 weekly report from the US Energy Information Administration. However, gasoline and distillate inventories increased 3.6 MMbbl and 5.7 MMbbl, respectively. As a result, total petroleum inventories posted a substantial increase of 11.7 MMbbl. US crude oil production decreased 400,000 bbl/d last week, due in part to the Gulf of Mexico’s hurricane-related shut-ins. Crude oil imports were down 0.47 MMbbl/d versus the week prior to an average 6.8 MMbbl/d. Prices softened last week as impacts from Hurricane Barry turned out to be shortlived......
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