Weekly EIA Petroleum Report And Gasoline Demand -- November 25, 2020

EIA: weekly petroleum report later this morning. Link here. Corroborates the huge build reported by API yesterday.

• weekly US crude oil inventories: decreased by 0.8 million bbls
  
• weekly US crude oil inventories now stand at 488.7 million bbls
  
• weekly US crude oil inventories are about 6% above the five-year average
  
• refineries operating at 78.7% capacity;
• imports: 5.2 million bopd; down by 26,000 bopd from the previous week;
  
• propane/propylene inventories decreased by 0.3 million bbls; about 6% above the five-year average;
• distillate fuel inventories decreased by 1.4 million bbls; but still 8% above the five-year average for this time of the year;
  
• jet fuel product supplied was 38% compared with same four-week period last year;
  

Gasoline demand: link here, unremarkable. Baseline has simply been reset.