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Saturday, 03/05/2016 1:19:02 PM

Saturday, March 05, 2016 1:19:02 PM

Post# of 6438
U.S. crude inventories rose last week to a record high of 517.98 million barrels even as output fell for a sixth straight week, the U.S. Energy Information Administration said.

"We have seen another 12 million barrels arrive in the Gulf of Mexico this week from the Arab Gulf, and another 11.4 million from Central and Latin America," said Matthew Smith, who tracks crude cargoes for New York-based Clipper Data. "All these while we continue to see a backlog of cargoes in the Gulf of Mexico, more than double volumes we usually see."


http://www.reuters.com/article/us-global-oil-idUSKCN0W601K