US distillate inventories rise as East Coast stocks hit five-year high

Oil

US distillate fuel oil inventories rose by 2.6M bbls w-o-w to 152M bbls in the week ending 11 December, US EIA data shows. This included a 1.7M bbls increase in East Coast distillate fuel oil stocks to 64.7M bbls, the highest since December 2010.