EIA: Commercial crude oil inventories decreased by 12.6 million barrels from previous week

Eren Sengezer FXStreet

Below are the key takeaways from the weekly report published by the U.S. Energy Information Administration.

U.S. crude oil refinery inputs averaged 17.7 million barrels per day during the week ending July 6, 2018, which was 1,000 barrels per day less than the previous week’s average.
U.S. crude oil imports averaged 7.4 million barrels per day last week, down by 1,624,000 barrels per day from the previous week.
U.S. commercial crude oil inventories decreased by 12.6 million barrels from the previous week.
Total products supplied over the last four-week period averaged 20.4 million barrels per day, down by 1.4% from the same period last year.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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