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 2,408 MBBL last week to 425,906 MBBL, from 423,498 MBBL. This is 19% below the 528,393 MBBL that was in storage at this point last year, and is 1% above the five-year average. This week’s build was in line with expectations, as the average analyst prediction called for a build of 2,190 MBBL.

Gasoline inventories fell by 0.8 MMBBL this week, dropping to 251.0 MMBBL. Fue...

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