Weekly Oil Data
Inventories, Exports, Imports, and Refinery Utilization (Two Tables and 9 Charts)
MAIN TAKEAWAY
Contrary to expectation, crude oil inventories slightly decreased.
Higher refinery utilization increased gasoline and distillate inventories.
There has been another release of 1.9 mb from the US Strategic Petroleum Reserve (SPR) as part of the 26 mb congressionally mandated sales for this year. An additional 8.4 mb will be released between now and the end of June.
Gasoline and distillate inventories are expected to build up in the coming weeks.