US commercial crude oil inventories decreased by 2.6 million barrels from the prior week.
- At 413.4 million barrels, the US crude oil stockpiles were nearly 12% below the five-year average for this same period of the year.
- Motor gasoline inventories dropped by 0.5 million barrels last week and were nearly 1% below the five-year average. The overall commercial petroleum inventories fell by 3.9 million barrels last week.
- US crude oil refinery inputs hovered around 15.4 million barrels per day, 153,000 barrels more than the prior week’s average. The refineries operated at 87.7% operable capacity.
- Gasoline and distillate fuel production increased last week. Gasoline production rose to an average of 9.3 million barrels per day.
- US crude oil imports hoovered 5.8 million barrels per day last week, dropped by 1.1 million barrels per day from the prior week.
Total products supplied over the last four-week increased by 11.0% to average 21.7 million barrels per day from the same period last year.
CL! up +4.21%, USOIL up +1.04%