Current /CL:NMX Stock Info

Inventories at 88% of working capacity
Production may be slowing in the United States, but the builds to crude oil inventories are not. The Department of Energy (DOE) reported gains for the tenth straight time in its Weekly Petroleum Status Report for the period ended March 13, 2015. This is also the eighth straight week we have achieved an unofficial new record for crude inventories. The data is the highest on record for Bloomberg data, while the DOE says the levels are the highest “in at least 80 years.”

The latest gain of 9,622 MBO does ...

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