The EIA report showed that the U.S commercial crude oil inventories decreased by 0.2 million barrels from the previous week. At 339.1 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 0.4 million barrels last week and are in the upper limit of the average range.

In addition, finished gasoline inventories increased and blending components inventories decreased last week. Distillate fuel inventories decreased by 2.9 million barrels last week and are in the middle limit of the average range for this time of year.