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 5,888 MBBL last week to 468,241 MBBL, up from 462,353 MBBL last week. This is 2% below the 480,166 MBBL that was in storage at this point last year, but remains 23% above the five-year average. This week’s storage build exceeded expectations, which predicted an increase of 4,392 MBBL.

Source: EnerCom Analytics

Gasoline inventories fell by 8.4 MBBL this week, dropping to...

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