Domestic petroleum demand jumped last week, eating into inventories of crude and refined products, the U.S. Energy Information Administration (EIA) said Wednesday.

U.S. commercial crude oil inventories for the week ended Feb. 5 — excluding those in the Strategic Petroleum Reserve — decreased by 6.6 million bbl from the previous week, according to EIA’s Weekly Petroleum Status Report (WPSR). Crude oil storage has been lower for three consecutive weeks. 

At 469.0 million bbl, EIA said, oil inventories were 2% above the five-year average for the comparable week.

Total petroleum stocks decreased 11.2 million bbl week/week and were about 2% above the year-earlier level. Demand increased 9% week/week.

Analysts at ClearView Energy Partners LLC said weekly inventories...