
Weekly Oil Storage: Significant Build
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 6,218 MBBL last week to 435,955 MBBL, from 429,737 MBBL. This is 17% below the 527,772 MBBL that was in storage at this point last year, and is 2% below the five-year