Here are some charts from the EIA’s This Week in Petroleum showing stock levels and days supply (stocks divided by demand):
Crude stocks are now within 5 year ranges…
Supply relative to demand is tighter this year compared to last:
Gasoline stocks rose sharply this week… Refinery runs are over 17 million barrels a day!
Distillate stocks are still closer to the low end of the five year range…
Days supply look tight relative to last year…
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