US commercial crude oil stockpiles fell by 1.9 million barrels from the prior week.
- At 411.6 million barrels, the US oil stockpiles are nearly 13% lower than the five-year average. Total commercial petroleum inventories dropped by 8.1 million barrels last week.
- U.S. crude oil imports hovered around 6.3 million barrels per day last week, rising by 0.6 million barrels per day from the prior week. Over the last four weeks, crude oil imports hovered around 6.2 million barrels per day.
- U.S. crude oil refinery inputs hovered around 15.4 million barrels per day last week, 21,000 barrels per day less than the prior week’s average.
Total products supplied over the last four-week period hovered around 21.6 million barrels per day, 12.3% higher than the same period a year ago. Jet fuel product supplied rose by 35.4% compared to the same period, a year ago.
CL! down -5.34, USOIL down-5.62%
Source: EIA