The weekly EIA petroleum report, link here:
- US crude oil in commercial storage is 3% above the five-year average.
- US crude oil in commercial storage increased by a paltry 0.5 million bbls
- US imports of crude oil unchanged week-after-week-after-week
- US refiners are operating at 86.1% capacity
- distillate fuel inventories are a whopping 20% below the five-year average as we move into planting season
- surprising: jet fuel supplied was down 1.9% compared with same four-week period last year (the four weeks included weather and Southwest airline issues)
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