The US commercial crude oil inventories dropped by 2.1 million barrels to reach 43 million barrels in the week ending November 12.
- The US crude oil refinery inputs hovered around 15.4 million barrels per day, up 32,000 barrels per day from the average posted last week.
- Refineries were operated at a capacity of 78.9% as gasoline production cooled down to an average of 9.9 million barrels per day.
- The US crude oil imports averaged 6.2 million barrels per day last week, up by 83,000 barrels per day posted the prior week.
- Total products supplied in the last four-week duration increased by 3.9% to reach 20.2 million barrels per day from the same period 2020. Jet fuel product supplied expanded 44.1% in the same period.
The overall commercial petroleum inventories decreased by 8.9 million barrels over the period.
CL1! Down -2.41%, USOIL down -1.38%