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 3,672 MBBL last week to 454,512 MBBL from 450,840 MBBL. This is 8% above the 420,479 MBBL that was in storage at this point last year, and is 6% above the five-year average. This week’s build exceeded expectations, as the average analyst prediction called for a draw of 2,630 MBBL.

Gasoline inventories decreased by 1.5 MMBBL this week to 256.8 MMBBL. Fuel oil inventories fell by 1.5 MMBBL to 138.7 MMBBL. Overall, petroleum stocks excluding the SPR decreased by 2.5 MMBBL to 1,263.0 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,925 ...


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