Bullish sentiment Distillate inventories also fell this week, by 1.162 million barrels, on top of last week’s 1.8 million barrel drop. Distillates were already 10% below the five-year average for the week ending March 1, the latest EIA data shows.
Cushing inventories rounded out the losses this week, falling 998,000 barrels after rising by 500,000 barrels in the previous week.