The EIA report showed that U.S. commercial crude oil inventories increased by 1.8 million barrels from the previous week. At 337.7 million barrels, U.S. crude oil inventories are slightly above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 2.5 million barrels last week, and are above the upper limit of the average range.

Whereas, both finished gasoline inventories and blending components increased last week. Distillate fuel inventories increased by 0.3 million barrels, and are above the upper boundary of the average range for this time of year.