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 2,800 MBBL last week to 442,283 MBBL from 439,483 MBBL. This is 3% above the 429,949 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 945 MBBL.

Gasoline inventories decreased by 2.9 MMBBL this week to 238.6 MMBBL. Fuel oil inventories fell by 2.1 MMBBL to 130.2 MMBBL. Overall, petroleum stocks excluding the SPR increased by 0.1 MMBBL to 1,221.9 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 12,075 MBOPD, im...


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