The EIA released its weekly Petroleum Status Report yesterday, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 5,392 MBBL last week to 457,773 MBBL, down from 463,165 MBBL last week. This is 8% below the 495,238 MBBL that was in storage at this point last year, but remains 20% above the five year average. This week’s storage draw significantly exceeded expectations, which predicted a drawdown of 1,932 MBBL.

Source: EnerCom Analytics

Gasoline inventories were steady this week...

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