There Is Nothing Bearish About US Oil Data

US Inventories, Exports, Imports, and Refinery Utilization (13 Charts).

Nov 27, 2025

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November 26, 2025

EOA’s Main Takeaway

Despite the increases in crude and products inventories, US inventories remain low, with crude and distillate inventories near the bottom of the 5-year range while gasoline inventories remain below the 5-year range. Cushing inventories are near the minimum operating level (tanks are empty)

At a time when many pundits are talking about a major oil surplus, there is nothing bearish about US data:

There Is Nothing Bearish About US Oil Data

US Inventories, Exports, Imports, and Refinery Utilization (13 Charts).

EOA’s Main Takeaway

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