Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its report on September 25, 2014 (18%), and approximately 48.6 million barrels since the end of 2014 (11%).
Why do Inventories Keep Rising?
The United States, just like several oil-dependent nations, is adjusting in real time to the changing fundamentals of the crude market. In a nutshell, a lower ...

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