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 3,633 MBBL last week to 450,840 MBBL from 447,207 MBBL. This is 7% above the 422,095 MBBL that was in storage at this point last year, and is 6% above the five-year average. This week’s build exceeded expectations, as the average analyst prediction called for a draw of 1,604 MBBL.

Gasoline inventories increased by 0.4 MMBBL this week to 258.3 MMBBL. Fuel oil inventories rose by 1.2 MMBBL to 140.2 MMBBL. Overall, petroleum stocks excluding the SPR increased by 6.5 MMBBL to 1,265.5 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 11,900 ...


Legal Notice