Commercial crude oil stockpiles fell -1.2 million bbls last week, a smaller decline than expected, and are down -3.6% YoY (up from -4.5% YoY previously).

• Gas stocks, on the other hand, saw a huge increase of 7.7 million bbls but were still down -2.4% YoY.
• Domestic production was mostly unchanged at 13.6 mil b/d, up from 13.2 mil b/d a year ago. Net imports jumped to over 3 mil b/d, and the 4-week average was up 12.7% YoY.
• The build in energy stockpiles was a result of a sharp decline of -3.3 mil b/d in products supplied with the 4-week average seeing a sharper decline of -1.2% YoY.