Weekly EIA Petroleum Report -- November 30, 2022

API data yesterday: link here. 

WTI -- prior to release of report: up 3.06%; was trading at $80.59.

Weekly EIA petroleum report: staggering.

• US crude oil inventories: decreased by a staggering 12.6 million bbls
• US crude oil inventories: at 141.9 million barrels, US crude oil inventories are 8% below their five-year average;
• refiners operating at a whopping 95.2% of their operable capacity;
• distillate fuel inventories increased by 3.5 million bbls; but still 11 percent below their averagee;
  
• jet fuel supplied was up 3.7%
  

WTI -- after release of report; up 3.45%; up $2.70; trading at $80.90.

Gasoline demand: link here.