U.S. Oil Inventories Are Through the Roof
Lynne Kiesling Following on from yesterday … today OPEC did hold their quotas steady, and US crude oil inventories surged: U.S. crude-oil inventories jumped 4.5 percent to 335.1 million in the four weeks ended March 3, leaving supplies at the highest since May 1999. Last week’s gain was the biggest since Oct. 29, 2004, the …