Fundamentals Crude Oil Inventories Crude oil inventories remain historically high as domestic production continues to increase. According to the EIA, crude oil inventories are at the highest level since 1981. Despite efficient refinery operations, crude oil inventories also remain high due to logistical limitations and transportation issues, leaving the Midcontinent region with heavy inventories during Q2.
U.S. Commercial Crude Oil Stocks Excluding SPR (Million Barrels)
Source: U.S. Energy Information Administration (EIA)
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Š 2013 Mansfield Energy Corp.