Commercial crude oil inventories in the United States jumped by 0.7 million barrels to 414.4 million barrels in the week ending April 22.
- US crude oil refinery inputs hovered around 15.7 million barrels per day, falling 33,000 barrels per day from the average posted the prior week. Refineries operated at 90.3% of their capacity as gasoline production dropped.
- Imports of crude oil into the US averaged 5.9 million barrels per day, an increase of 98,000 per day from the prior week.
- Total motor gasoline inventories fell by 1.6 million barrels from the prior week and stand at a 4% below the five-year average for this time of year. Total commercial petroleum inventories rose by 0.7M barrels.
Total products supplied over the last four-week period averaged around 19.4M barrels per day, falling by 1.6% from the same period last year. Jet fuel products supplied rose by 23.9% over the same period.
USOIL down -0.68%, CL! down -1.04%
Source: EIA