Tag: oil stockpile

EIA data likely to show 2.9M barrels of oil stock build up

 Economist Philip Verleger, using monthly storage costs at 50 cents/b, calculated the returns to storage for WTI were positive as of April 1 New York -According to analysis by Platts oil futures editor Geoffrey Craig, with U.S. refinery run rates already quite high, the potential for data this week to show further increases appears limited, and […]