US crude oil stocks near record- high

Oil

US crude oil inventories climbed 4.8M bbls in the week ending 11 December to total 490.7M bbls (marginally below April 2015's record high of 490.9M bbls), according to the US Energy Information Administration (EIA). US crude runs slipped by only 41K b/d w-o-w to 16.6M b/d, while US crude imports jumped by 291K b/d from the prior week to 8.3M b/d, the highest since September 2013.