Crude oil inventories in the United States declined in the week ending April 15, as imports dropped while refinery inputs increased.
- Commercial crude oil inventories for the week stood at 413.7 million barrels, down by 8.0 million barrels from the previous week. Declines were seen in inventories of motor gasoline, distillate fuel, and commercial petroleum.
- Refinery inputs averaged 15.7 million barrels per day, reflecting a growth of 194,000 barrels per day from the previous week as refineries operated at 91.0% of their operable capacity. Both gasoline and distillate fuel production increased.
- Crude oil imports fell by 159,000 barrels per day to an average of 5.8 million barrels, bringing the four-week moving average up 3.1% to 6.1 million barrels per day. Imports of motor gasoline and distillate fuel both posted weekly growth.
Total products supplied in the last four weeks registered an average of 19.4 million barrels a day, 1.5% lower than the same period last year.
OIL is up 1.62%, while USO is up 1.03%.