Sunday, November 24, 2024

Weekly Oil Storage: Record Draw Ends

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 fell by 6.8 MMBBL last week to 418.4 MMBBL, from 411.6 MMBBL. This is 15% below the 494.8 MMBBL that was in storage at this point last year, and is 4% above the five-year