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 3,577 MBBL last week to 450,485 MBBL from 446,908 MBBL. This is 1% below the 453,713 MBBL that was in storage at this point last year, and is 7% above the five-year average. This week’s build exceeded expectations, as the average analyst prediction called for a build of 590 MBBL.

Gasoline inventories decreased by 0.8 MMBBL this week to 224.6 MMBBL. Fuel oil inventories rose by 2.6 MMBBL to 121.8 MMBBL. Overall, petroleum stocks excluding the SPR increased by 2.4 MMBBL to 1,254.2 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,675 M...


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