Tuesday, May 20, 2025

Weekly Oil Storage: Rapid Build Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 6,346 MBBL last week to 422,787 MBBL from 416,441 MBBL. This is 8% below the 457,341 MBBL that was in storage at this point last year, and is 2% above the five-year