U.S. Oil Storage Weekly

Big Draws But Prices Drop, Geopolitics In Focus

Highlights For the Week

Total U.S. commercial oil & products dropped by 6.61 million barrels. U.S. commercial oil stocks dropped by 11.47 million barrels. The U.S. SPR rose by 0.23 million barrels. On the product side, gasoline stocks rose by 0.21 million barrels. Diesel stocks rose by 0.51 million barrels.

Total products supplied were 20.4 million barrels, up 4.0% versus last year.  Imports were higher by 136,000 barrels.  Exports were lower by 295,000 barrels per day.

U.S. oil production was 13.4 million barrels, up 0.02%.

Full report attached