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 1,245 MBBL last week to 417,881 MBBL from 416,636 MBBL. This is 17% below the 502,914 MBBL that was in storage at this point last year, and is 2% below the five-year average. This week’s build was a surprise, as the average analyst prediction called for a draw of 5,174 MBBL.

Weekly Oil Storage: Moderate Build

Gasoline inventories dropped by 1.5 MMBBL this week to 239.7 MMBBL. Fuel oil inventories rose by 0.1 MMBBL to 117.6 MMBBL. Overall, petroleum stocks excluding the SPR fell by 3.3 MMBBL to 1,206.9 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 10,900 MBOPD, imported 8,438 MBOPD and exported 2,435 MBOPD.

The four-week average total crude oil inputs to refineries increased to 17,669 MBOPD, from 17, 598 MBOPD. This means refineries are running at 96.8% of capacity. American refineries produced an average of 10,251 MBBLPD of gasoline and 5,360 MBBLPD of distillate fuel oil over the past four weeks.

Weekly Oil Storage: Moderate Build

Weekly Oil Storage: Moderate Build


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