Today's EIA.gov report.
Crude stocks jumped +5.0M barrels, from last week, and remains down -1.7% from the 5 year seasonal average. It should be noted the 5 year average includes the abnormal 2020 and 2021 number. Otherwise, the current inventory is nearly +2.8% above normal.
Distillates held steady; and Gasoline inventories slid -1.3M barrels. The SPR fell another -2.4M barrels.
WTI is steady at $72.74, compared to $72.92, one week ago, and $106.76, one year ago.
Refinery output continues to edge up on a weekly basis, as well as above year ago levels.
For anyone interested, the U.S. has exported 659.1M barrels of crude and petroleum products, more than imported, since March 1, 2022.
Overall, crude stocks remain quite healthy, compared to this time last year, with days supply at 29.5, compared to last year's 26.8 days.
Distillates remain steady to last year.
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