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 3,019 MBBL last week to 423,498 MBBL, from 420,479 MBBL. This is 19% below the 520,184 MBBL that was in storage at this point last year, and is 1% above the five-year average. This week’s build exceeded expectations, as the average analyst prediction called for a build of 2,233 MBBL.

Gasoline inventories rose by 2.5 MMBBL this week, increasing to 251.8 MMBBL. Fuel oil ...


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