US Crude Oil Inventories fell by 3.0 Million Barrels which is lower than both the forecasted -1.9 Million Barrels and the prior -2.8 Million Barrels. Oil inventories are currently above the upper limit of the average range for this time of the year at 355.0 Million Barrels, total motor gasoline inventories increased by 0.4 million barrels and are also above the upper limit of the average range.

Finished gasoline inventories remained unchanged and blending components inventories increased last week. Distillate fuel inventories increased by 3.5 million barrels, and are also above the upper limit of the average range. Total commercial petroleum inventories increased by 100 thousand barrels.