The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights: CRUDE OIL INVENTORIES: Crude oil inventories increased by 1.1 million barrels (MMbbl) to a total of 481.2 MMbbl. At 481.2 MMbbl, inventories are 67.8 MMbbl above last year (16.4%) and are about 8% above the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, fell 1.1 million barrels to a total of 36.8 million barrels. The Strategic Petroleum Reserve (SPR) was unchanged from the prior week and stands at 371.6 million barrels and stands 35.0% below the year ago level.