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    Home ยป Crude Oil Inventories Rise by 4.3 million barrels-EIA
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    Crude Oil Inventories Rise by 4.3 million barrels-EIA

    October 27, 20211 Min Read
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    Commercial crude oil inventories in the United States increased by 4.3 million barrels in the week ending October 22.

    • This reading is higher than the market expectation for an inventory build of around 1.9 million barrels.
    • The total motor gasoline inventories dropped by 2.0 million barrels last week and nearly 3% below the five-year average for this time of the year.
    • US crude oil refinery inputs hovered around 15 million barrels per day over the week ending October 22, 2021.
    • US crude oil imports hoovered around 6.3 million barrels per day last week, an increase of 430,000 barrels per day from the previous week.
    • Total products supplied in the past four-week period averaged 20.8 million barrels per day, a 9.9% increase from the same period last year.

    At the same time, jet fuel product supplied increased by 44.9% compared with the same four-week duration in 2020.

    CL! down -1.29%

    Source: EIA

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