Tuesday, June 9, 2026
EnerCom Conference The Oil & Gas Conference

Largest Ever Weekly Crude Oil Inventory Build Deep Sixes Oil Prices

The EIA reported a 14.4 MMBO build to U.S. inventories in the week ended October 28 Just when the industry was feeling a little better about its prospects for the balance of 2016, the U.S. Energy Information Administration (EIA) reported the largest build in crude oil inventories ever recorded this week after surprise draws in eight of the last nine