Commercial crude oil inventories in the United States increased by 500,000 barrels to reach 413.8 million barrels in the week ending January 14.
- US crude oil refinery inputs hovered around 15.5 million barrels per day, falling by 120,000 barrels per day from the average posted the prior week.
- Refineries were operating at 88.1% of their full capacity as gasoline production rose, averaging 8.7 million barrels per day.
- Import of crude oil into the US hovered around 6.7 million barrels per day, 700,000 barrels more compared to the prior week. Total commercial petroleum inventories dropped by 1.5 million barrels.
Total products supplied in the last four-week period hovered around 21.2 million barrels per day, an increase of 11.9% from the same period a year earlier. Jet fuel products supplied rose by 31.8% in the same period.
CL! Up +0.83%, USOIL up +0.49%