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 2,072 MBBL last week to 436,584 MBBL from 434,512 MBBL. This is 15% below the 513,207 MBBL that was in storage at this point last year, and is marginally above the five-year average. This week’s build was a surprise, as the average analyst prediction called for a draw of 2,175 MBBL.

Gasoline inventories rose by 4.6 MMBBL this week to 239.0 MMBBL. Fuel oil inventories r...

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