The EIA report showed us that U.S. commercial crude oil inventories increased by 2.0 million barrels from the previous week. At 365.1 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 0.8 million barrels last week, and are just above the upper limit of the average range.
Whereas, finished gasoline inventories increased while blending components inventories decreased 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.