Weekly Oil Storage: Large Build
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 5,987 MBBL last week to 409,951 MBBL from 403,964 MBBL. This is 11% below the 462,216 MBBL that was in storage at this point last year, and is 1% above the five-year