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 5,431 MBBL last week to 472,035 MBBL from 466,604 MBBL. This is 9% above the 432,354 MBBL that was in storage at this point last year, and is 3% above the five-year average. This week’s build was a surprise, as the average analyst prediction called for a build of only 29 MBBL.

Gasoline inventories decreased by 1.1 MMBBL this week to 225.0 MMBBL. Fuel oil inventories rose by 0.1 MMBBL to 125.6 MMBBL. Overall, petroleum stocks excluding the SPR increased by 14.6 MMBBL to 1,270.3 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 12,200 MBO...


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