EIA's Weekly Petroleum Report; WTI Surges -- December 4, 2019

Weekly Petroleum Report:

• US crude oil in storage: 447.1 million bbls
• week-over-week oil in storage: decreased by a whopping 4.9 million bbls
• refiners operating at 91.9% capacity; slowly creeping up; well below the norm;
• crude oil imports are down over 20% over the same four-week period last year
• all things being equal, WTI should be up nicely, unless movers and shakers knew these numbers last night; so let's check WTI: up 3.67%; up $2.06; trading at $58.16 -- back to where it was last week when it plunged; 

Re-balancing (note: many lines/weeks hidden to keep graph manageable):

Week	Week Ending	Change	Million Bbls Storage
Week 0	November 21, 2018	4.9	446.9
Week 1	November 28, 2018	3.6	450.5
Week 2	December 6, 2018	-7.3	443.2
Week 3	December 12, 2018	-1.2	442.0
Week 4	December 19, 2018	-0.5	441.5
Week 5	December 28, 2018	0.0	441.4
Week 43	September 18, 2019	1.1	417.1
Week 44	September 26, 2019	2.4	419.5
Week 45	October 2, 2019	3.1	422.6
Week 46	October 9, 2019	2.9	425.6
Week 47	October 17, 2019	9.3	434.9
Week 48	October 23, 2019	-1.7	433.2
Week 49	October 30, 2019	5.7	438.9
Week 50	November 6, 2019	7.9	446.8
Week 51	November 14, 2019	2.2	449.0
Week 52	November 20, 2019	1.4	450.4
Week 53	November 27, 2019	1.6	452.0
Week 54	December 4, 2019	-4.9	447.1