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 2,170 MBBL last week to 429,737 MBBL, from 427,567 MBBL. This is 19% below the 528,702 MBBL that was in storage at this point last year, and is 3% below the five-year average. This week’s build was a surprise, as the average analyst prediction called for a draw of 1,268 MBBL.

Gasoline inventories rose by 0.8 MMBBL this week, increasing to 236.8 MMBBL. Fuel oil inventor...


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