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 fell by 6,861 MBBL last week to 412,654 MBBL, from 419,515 MBBL. This is 15% below the 485,456 MBBL that was in storage at this point last year, and is 6% above the five-year average. This week’s storage draw was more than three times expectations, as the average analyst prediction called for a draw of 2,075 MBBL.

Gasoline inventories rose by 3.6 MMBBL this week, growing to 24...


Legal Notice