The U.S released its EIA report showing that the U.S. commercial crude oil inventories increased by 0.8 million barrels from the previous week. At 339.9 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories increased by 1.7 million barrels last week, and are above the upper limit of the average range.
Whereas, the finished gasoline inventories decreased while blending components increased last week. Distillate fuel inventories decreased by 2.1 million barrels, and are above the upper boundary of the average range for this time of year.