Commercial crude stocks climb 8.23 million barrels Refinery demand drops 230,000 b/d Gasoline stocks draw ahead of July 4 holiday US crude oil inventories realized a counter-seasonal build during the week ended July 1 amid flagging refinery demand and stronger imports, US Energy Information Administration data showed July 7. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total US commercial crude stocks climbed 8.23 million barrels in the week ended July 1 to 423.8 million barrels, the EIA said. The counter-seasonal build pushed stocks to an eight-week high but still left them 10.4% behind the five-year average for this time of year, in from 12.7% the week prior. Crude stockpiles moved higher in all regions outside of the Rockies but the build was concentrated on the US Gulf Coast and Midwest, where stocks respectively climbed 5.56 million and 2.23 million barrels. Inventories […]