Total crude oil and petroleum products stocks jumped +6.42 mmb to 1047.52 mmb in the week ended May 6. Crude stockpile jumped +3.78 mmb to 370.33 mmb during the week with stock-build recorded in all PADDs. West Coast gained the most with 1.94 mmb added to storage. Cushing stocks rose for the second week, by +1.12 mmb to 41.61 mmb. Utilization rate slipped for the first time in 4 weeks to 81.7%.
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Crude Inventory Gain Doubled Expectations
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