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    Home » US Commercial Crude Oil Inventories Drop as Imports Fall
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    US Commercial Crude Oil Inventories Drop as Imports Fall

    May 25, 20221 Min Read
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    Commercial crude oil inventories in the United States declined to 419.8 million barrels in the past week, as imports declined during the period.

    • The latest commercial crude oil inventories reflected a decline of 1.0 million barrels, indicating a 14% drop from the five-year average for the time of the year. Declines were reported in motor gasoline, finished gasoline, and blending components.
    • Weekly increases were recorded in inventories of distillate fuel and propane/propylene, but they both remained below the five-year average, along with the increase in total commercial petroleum inventories.
    • Imports for the week averaged 6.5 million barrels per day, or 82,000 barrels per day lower than the previous week. The four-week average climbed by 8.6% to 6.4 million barrels per day.
    • Refinery inputs averaged 16.3 million barrels per day, indicating an increase of 334,000 barrels per day from the previous week. Refineries operated at 93.2% of their operable capacity.

    Total products supplied over the last four weeks averaged 19.5 million barrels a day, equivalent to a 2.1% increase from the same period last year. 

    USO is down 0.11%, while OIL is up 0.15%.

    Source: Energy Information Administration

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