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 7,975 MBBL last week to 403,964 MBBL from 395,989 MBBL. This is 13% below the 464,963 MBBL that was in storage at this point last year, and is even with the five-year average. This week’s build was a surprise, as the average analyst prediction called for a build of 877 MBBL.

Gasoline inventories decreased by 0.5 MMBBL this week to 235.2 MMBBL. Fuel oil inventories fell by 1.8 MMBBL to 136.1 MMBBL. Overall, petroleum stocks excluding the SPR increased by 8.0 MMBBL to 1,248.7 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,025 MBOPD,...

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