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 4,580 MBBL last week to 462,353 MBBL, up from 457,773 MBBL last week. This is 4% below the 480,725 MBBL that was in storage at this point last year, but remains 22% above the five year average. This week’s storage build exceeded expectations, which predicted an increase of 3,673 MBBL.

Source: EnerCom Analytics

Gasoline inventories fell by 3.2 MBBL this week, dropping to...

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