U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.5 million barrels from the week ending January 30 to the week ending February 6.
That’s what the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report, which was released on Wednesday and included data for the week ending February 6.
According to the EIA report, crude oil stocks, not including the SPR, stood at 428.8 million barrels on February 6, 420.3 million barrels on January 30, and 427.9 million barrels on February 7, 2025. Crude oil in the SPR stood at 415.2 million barrels on February 6, 415.2 million barrels on January 30, and 395.3 million barrels on February 7, 2025, the EIA report revealed.
Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.689 billion barrels on February 6, the report highlighted. Total petroleum stocks were down 1.7 million barrels week on week and up 81.9 million barrels year on year, the report pointed out.
“At 428.8 million barrels, U.S. crude oil inventories are about three percent below the five year average for this time of year,” the EIA said in its latest weekly petroleum status report.
“Total motor gasoline inventories increased by 1.2 million barrels from last week and are about four percent above the five year average for this time of year. Finished gasoline inventories decreased, while blending components inventories increased last week,” it added.
“Distillate fuel inventories decreased by 2.7 million barrels last week and are about four percent below the five year average for this time of year. Propane/propylene inventories decreased 5.4 million barrels from last week and are about 36 percent above the five year average for this time of year,” it continued.