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%