Weekly Oil Storage: Large Builds Continue
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 7,029 MBBL last week to 456,550 MBBL from 449,521 MBBL. This is 7% above the 428,638 MBBL that was in storage at this point last year, and is 1% above the five-year