The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +2.41 mmb to 1311.22 mmb in the week ended August 9. Crude oil inventory gained +1.58 mmb to 440.51 mmb (consensus: -2.78 mmb). Inventories increased in 4 out of 5 PADDs. PADD 4 (West Coast) alone saw inventory gain of +2.2 mmb. Cushing stock dropped -2.54 mmb to 44.82 mmb. Utilization rate dropped -1.6 percentage point to 94.8% while crude production steadied at 12.3M bpd for the week. Crude oil imports added +0.57M bpd to 7.11M bpd in the week.