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 5,022 MBBL last week to 430,928 MBBL, from 425,906 MBBL. This is 18% below the 528,156 MBBL that was in storage at this point last year, and is 1% above the five-year average. This week’s build was well above expectations, as the average analyst prediction called for a build of 2,398 MBBL.

Gasoline inventories fell by 6.3 MMBBL this week, dropping to 244.8 MMBBL. Fuel oil inventories decreased to 133.1 MMBBL, from 137.4 MMBBL last week. Other refined product stocks rose to 389.3 MMBBL.

The four-week average total crude oil inputs to refineries dropped to 16,004 MBOPD, down from 15,953 MBOPD. This means refineries are running at 88.5% of capacity. American refineries produced an average of 9,925 MBBLPD of gasoline and 4,508 MBBLPD of distillate fuel oil over the past four weeks.


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