The U.S. Energy Information Administration reported another overall expansion in oil stockpiles in the week to Aug. 5. The culprit: Crude oil? Gasoline? Diesel? Not this time: all the big growth was in the category called ‘other’. While total oil and product inventories grew by 2.5 million barrels, those in the ‘other’ grouping -- stuff like vacuum gasoil, natural gas liquids and blending components -- expanded by 3.6 million barrels to a record.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE