Crude oil stocks increased 6.2 million bbls last week, a complete reversal from the -2.0 million bbls expected draw. Stocks are still down -2.6% YoY but up from -3.3% YoY in the previous week.

• Gas stocks fell -1.6 million bbls, roughly in line with the -1.9 million bbls expected drop. Gas stocks are up 4.3% YoY (prev 3.0% YoY).
• Domestic production edged up 6k b/d to 13.58 mil b/d, and the 4-week average is up 3.6% YoY.
• Net imports increased 999k b/d to 2.59 million b/d, and the 4-week average is down -19.9% YoY.
• Refinery inputs fell -192k b/d to 15.56 million b/d, and the 4-week average is down -0.9% YoY.
• Total products supplied increased 885k b/d to 20.1 million b/d, and the 4-week average is down -1.2% YoY.
• Lower YoY product supplied and refinery inputs suggests weaker demand for oil and oil products so far in the Spring.