The En-Pro Blog

The economy is still suffering, oil companies reported Fourth Quarter losses as we forecasted, and we are still swimming in crude oil, with the Cushing storage now at virtual capacity. Both crude oil inventories have increased over last week, and last year. Not much has changed over the last few weeks. And while gasoline and distillate inventories have dropped over the last couple of weeks, they are up over last year with the end result still being high inventory levels.

By: Roger McKnight, Senior Petroleum Advisor