Oil stocks rise 2.6 MM BB in last week ending 6 weeks of declines

Via Econoday:

Oil stocks rose 2.6 million barrels in the January 14 week, ending six straight weeks of draws. A rise in imports, to their highest level in six weeks, helped feed the build. Product stocks also rose with gasoline, fed by higher production, up for a third straight week and distillates up for a fourth straight week. Demand data are steady showing a two percent year-on-year rise for gasoline, which is very respectable given the rise underway in pump prices, and a 1.8 percent rise for distillates. Oil prices dipped 50 cents toward $88 in immediate reaction to the run of builds.

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