US DATA: U.S. commercial crude oil inventories (excluding those in
the Strategic Petroleum Reserve) increased by 3.1 million barrels from
the previous week. At 360.9 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 2.6 million barrels last
week and are above the upper limit of the average range. Both finished
gasoline inventories and blending components inventories decreased last
week. Distillate fuel inventories decreased by 1.1 million barrels and
are above the upper boundary of the average range for this time of year.