Weekly Oil Storage: Builds Resume
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 7,069 MBBL last week to 452,934 MBBL from 445,865 MBBL. This is 6% above the 425,906 MBBL that was in storage at this point last year, and is 4% above the five-year