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 919 MBBL last week to 445,944 MBBL from 445,025 MBBL. This is 7% above the 418,359 MBBL that was in storage at this point last year, and is 7% above the five-year average. This week’s build fell short of expectations, as the average analyst prediction called for a build of 3,060 MBBL.

Gasoline inventories fell by 2.2 MMBBL this week to 257.4 MMBBL. Fuel oil inventories fell by 1.1 MMBBL to 141.3 MMBBL. Overall, petroleum stocks excluding the SPR decreased by 4.8 MMBBL to 1,262.3 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,850 MBOPD, im...

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