API Shows Sharp Build in US Crude Oil, Distillate Inventories

0 million barrels in the week ending November 6. 267 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 54 million barrels over the last 30 weeks, and 3 million over this year, according to API data, which has been kept in check in part thanks to draws from the SPR.

5 million barrels—a level that is 434 million barrels shy of maximum capacity. The generally accepted operational minimum for oil in the SPR is between 250-300 million barrels, below which the reserve may find it difficult to pump and process oil efficiently. 992 million bpd in the week prior, and up 352,000 bpd from a year ago.