Today's EIA.gov report.
Crude stocks up again, +7.6M barrels, from last week; Distillates up +2.7M Barrels; and Gasoline slid -1.9M barrels.
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WTI at $75.76, compared to $78.83, one week ago, and $90.39 a year ago.
Refinery output slightly decreased on this report, and still slightly below one year ago levels.
For anyone interested, the U.S. has exported 475M barrels of crude and petroleum products, more than imported, since March 1, 2022. 5.4M barrels this past week.
Overall, crude stocks are quite healthy, compared to this time last year (2nd highest- 2016), and the highest since May 28, 2021.
The Administration has suggested another SPR release, but the SPR is currently unchanged, for the past 6 weeks.
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