EIA Confirms API Data -- US Crude Oil Inventories Surged (Again) This Past Week -- November 7, 2018

Link here. Weekly US petroleum data --

• US crude oil inventories: increased by 5.8 million bbls
• US crude oil inventories: now at 431.28 million bbls; the blog's threshold: 400 million bbls
• US crude oil inventories now 3% above the five-year average for this time of year
• refiners are working at 90% capacity; unchanged from last week (89%)
• gasoline production just below 10 million bbls/day
• distillate fuel production right on glide path at 5 million bbls/day
• total product supplied up by another 4% from the same period last year
• distillate fuel supplied is up over 6% from same period last year

WTI: $61.89.