TGhe inventory figure was not the important one in this week's EIA report. No, the figure to focus on was the U.S. crude oil production figure: 11.6 million barrels per day (mmbpd.) That represented a decline from the 11.7 mmbpd figure that had held for the prior three weeks.
U.S. Oil Production Fell Last Week; Look For More Restraint From E&Ps In 2019
Forbes - 12 Dec 2018 18:45
TGhe inventory figure was not the important one in this week's EIA report. No, the figure to focus on was the U.S. crude oil production figure: 11.6 million barrels per day (mmbpd.) That represented a decline from the 11.7 mmbpd figure that had held for the prior three weeks.
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