Saturday, August 29, 2026

Weekly Oil Storage: 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 3,963 MBBL last week to 466,604 MBBL from 470,567 MBBL. This is 8% above the 433,758 MBBL that was in storage at this point last year, and is 2% above the five-year