Tuesday, June 23, 2026

Weekly Oil Storage: Builds Continue

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 1,263 MBBL last week to 447,207 MBBL from 445,944 MBBL. This is 6% above the 420,254 MBBL that was in storage at this point last year, and is 6% above the five-year