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 5,987 MBBL last week to 409,951 MBBL from 403,964 MBBL. This is 11% below the 462,216 MBBL that was in storage at this point last year, and is 1% above the five-year average. This week’s build was a surprise, as the average analyst prediction called for a build of 2,173 MBBL.

Gasoline inventories increased by 1.0 MMBBL this week to 236.2 MMBBL. Fuel oil inventories fell by 2.7 MMBBL to 133.5 MMBBL. Overall, petroleum stocks excluding the SPR increased by 11.3 MMBBL to 1,260.0 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,100 MBOP...


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