
Weekly Oil Storage: Small 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 1,895 MBBL last week to 420,254 MBBL, from 418,359 MBBL. This is 17% below the 508,592 MBBL that was in storage at this point last year, and is 4% above the five-year