The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -2.49 mmb to 1263.03 mmb in the week ended February 15 Crude oil inventory added +3.67 mmb to 454.51 mmb (consensus: +3.08 mmb). Inventories jumped +3.39 mmb in PADD2 (Midwest) and +1.67 mmb in PADD3 (Gulf Coast). Meanwhile, Cushing stock soared +3.41 mmb to 45.02 mmb. Utilization rate steadied at 85.9% and crude production climbed +0.1 mmb higher to 12M bpd for the week. Crude oil imports gained +1.31M bpd to 7.52M bpd in the prior week.