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 1,643 MBBL last week to 429,949 MBBL, from 428,306 MBBL. This is 19% below the 533,977 MBBL that was in storage at this point last year, and is 1% below the five-year average. This week’s build exceeded expectations, as the average analyst prediction called for a build of 146 MBBL.

Weekly Oil Storage: Minor Build

Gasoline inventories fell by 3.5 MMBBL this week, dropping to 269.6 MMBBL. Fuel oil inventories decreased to 129.0 MMBBL, from 131.0 MMBBL last week. Other refined product stocks rose to 391.0 MMBBL.

The four-week average total crude oil inputs to refineries rose to 16,469 MBOPD, up from 16,240 MBOPD. This means refineries are running at 90.5% of capacity. American refineries produced an average of 10,110 MBBLPD of gasoline and 4,605 MBBLPD of distillate fuel oil over the past four weeks.

Weekly Oil Storage: Minor Build

Weekly Oil Storage: Minor Build


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