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 4,591 MBBL last week to 472,832 MBBL, up from 468,241 MBBL last week. This is slightly below the 473,966 MBBL that was in storage at this point last year, and is 25% above the five-year average. This week’s storage build exceeded expectations, which predicted an increase of 3,865 MBBL.

Gasoline inventories fell by 2.1 MBBL this week, dropping to 216.2 MBBL. Fuel oil in...

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