The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks increased +2.47 mmb to 1307.35 mmb in the week ended June 27. Crude oil inventory fell -1.09 mmb to 468.49 mmb (consensus: -2.96 mmb). Inventories rose in 4 out of 5 PADDs. Stockpile in PADD5 (West Coast) alone dropped -2.1 mmb during the week. Cushing stock added +0.65 mmb to 52.49 mmb. Utilization rate steadied at 94.2% while crude production added +0.1M bpd to 12.2M bpd for the week. Crude oil imports gained +0.93M bpd to 7.59M bpd in the week.