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 1,846 MBBL last week to 470,986 MBBL, from 472,832 MBBL. This is slightly below the 472,084 MBBL that was in storage at this point last year, and is 25% above the five-year average. This week’s storage draw surprised, as the average analyst prediction called for an increase of 2,523 MBBL.

Source: EnerCom Analytics

Gasoline inventories rose by 1.1 MBBL this week, growing...

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