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Crude Oil and Petroleum Products Inventory (surplus/deficit)


       
6 Months   1 Year   3 Years   Max
Last update: December 6, 2017, 10:35 EST

Description

US Oil Stocks chart plots the difference between weekly U.S. ending stocks of crude oil and refined products and their respective 5-year average level. As a general rule, declining stocks drive prices higher, while growing inventories usually exert a downward pressure on prices.   

Definitions

  • Total Stock - includes crude oil and major refined products in million barrels;
  • Commercial Oil - headline EIA number; includes commercial crude oil only; excludes oil held at Strategic Petroleum Reserve;
  • Commercial Products - stock of major refined products (light distillates, middle distillates and heavy distillates and residues)
    • Light distillates - include gasoline only (does not include gasoline blending components such as reformate, alkylate etc., naphtha and other light petrochemical feedstocks);
    • Middle distillates - include kerosene, kerosene-type jet fuel and distillate fuel oil (does not include gasoil, diesel and marine bunker gasoil);
    • Heavy distillates and residues - include residual fuel oil only (does not include non-energy residual products such as tar and bitumen).
  • WTI Oil Price - five-day average price of NYMEX WTI Light Sweet Crude Oil futures. 

Data is available from January 2, 2015

Updated every Wednesday by 6 PM Eastern time.

Source: U.S. Energy Information Administration, Bluegold Research calculations

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