Saturday, June 7, 2025

Weekly Oil Storage: Small Surprise Draw

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 fell by 1,396 MBBL last week to 455,154 MBBL from 456,550 MBBL. This is 6% above the 427,567 MBBL that was in storage at this point last year, and is even with the five-year