US sees record crude storage build, oil prices register decline

US sees record crude storage build, oil prices register decline

The United States of America reported a huge jump in the inventories of crude oil due to shortage of demand. A 19-million barrel jump in inventories was reported in the biggest weekly build ever. Lowest levels of global demand in a quarter-century were seen due to the coronavirus pandemic, resulted in the jump in inventory.

David
David
Rational
Rational 1 months

Top off your tanks now because once people start using it again, they'll jack the price way up.

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