- Prior was +3081K
- Gasoline -6328K vs -2077K expected
- Distillates -3122K vs -2437K expected
The oil market has bigger things to worry about than this but there are around 100 VLCC’s heading to the US Gulf, so there is going to be a very large call on US oil supplies in the next few weeks. WTI crude oil is down 17-cents to $91.10 today.
The Weekly Petroleum Status Report (WPSR), published by the U.S. Energy Information Administration, is one of the most closely watched energy data releases in the world. Issued every Wednesday, the report provides a comprehensive snapshot of the U.S. petroleum balance sheet, covering crude oil and refined product inventories, refinery inputs and utilization rates, domestic production, imports, exports, and product supplied — a proxy for demand. The data are collected from refiners, pipeline operators, bulk terminal operators, and other industry participants, and are widely used by traders, analysts, and policymakers to gauge the supply-demand balance in oil markets.
In the report for the week ending April 3, 2026, U.S. commercial crude oil inventories rose by 3.1 million barrels to 464.7 million barrels, well above the market expectation for a build of roughly 700,000 barrels. At that level, crude stocks sat about 2% above the five-year average for the time of year — a notable shift from earlier in March, when they were running slightly below average. The build came amid a string of weekly inventory increases, with crude stocks rising by 6.2 million, 6.9 million, 5.5 million, and 3.1 million barrels in successive weeks from mid-March through early April, reflecting a combination of softer refinery runs and elevated imports.
On the products side, gasoline inventories fell by 1.6 million barrels to 239.3 million barrels, while distillate stocks dropped 3.1 million barrels to 114.7 million barrels. Refinery utilization edged down to 92.0%, with crude inputs averaging 16.3 million barrels per day.
