U.S. commercial crude oil inventories increased 6.7 million barrels from the previous week, well above the expected build of ~1.0 million barrels. Total crude oil stocks of 395.3 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories increased by 12.4 million barrels last week.
[table]
[attr style=”width: 25%”]April 26`[attr style=”width: 25%”]April 19`[attr style=”width: 25%”]Change`[attr style=”width: 25%”]% Change
395,300`388,600`+6,700`+1.7%
[/table]
Source: EIA