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 4,851 MBBL last week to 446,908 MBBL from 442,057 MBBL. This is 2% below the 457,142 MBBL that was in storage at this point last year, and is 6% above the five-year average. This week’s build exceeded expectations, as the average analyst prediction called for a build of 2,861 MBBL.

Gasoline inventories decreased by 1.3 MMBBL this week to 225.3 MMBBL. Fuel oil inventories fell by 0.1 MMBBL to 119.52 MMBBL. Overall, petroleum stocks excluding the SPR decreased by 0.2 MMBBL to 1,251.8 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,55...

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