Commercial crude oil inventories in the United States increased by 2.3 million barrels to 420.9 million barrels in the week ending October 1.
- At 420.9 million barrels, US crude oil inventories are nearly 7% below the five-year for this time of year. Total motor gasoline inventories rose by 3.3 million barrels by last week and nearly 1% below the five-year average.
- US crude oil refinery inputs hovered 15.7 million barrels per day, increasing by 330,000 barrels per day from the average recorded the prior week. Refineries operated at 89.6% of their capacity, while gasoline production decrease averaged 9.4 million barrels per day.
- Imports of crude oil in the US averaged 7 million barrels per day, 483,000 barrels per day more compared to the previous week. Total commercial petroleum inventories jumped by 800,000 barrels.
Total commercial petroleum inventories rose by 0.8 million barrels last week. Total products supplied over the last four-week period averaged 20.7 million barrels per day, up by 16.4% from last year.
CL1! down -1.70%, USOIL down -1.90%