Crude Oil Inventories & Price in 2018: High Prices, Immediate Impacts

The Chemical Company Crude Oil

In early January 2018, oil prices hit their highest levels in more than three years. “U.S. crude oil inventories are at their lowest level since August 2015. OPEC is getting closer to its target of reducing OECD industrial stocks to the five-year average,” says PVM Oil Associates analyst Tamas Varga. Data from the U.S. Energy […]