EIA: Commercial crude oil inventories decreased by 2.7 million barrels from previous week

Eren Sengezer FXStreet

Below are some key highlights from the weekly oil market report published by the U.S. Energy Information Administration.

U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending January 11, 2019.
Gasoline production increased last week, averaging 9.6 million barrels per day.
Distillate fuel production decreased last week, averaging 5.4 million barrels per day.
U.S. commercial crude oil inventories decreased by 2.7 million barrels from the previous week.
Total products supplied over the last four-week period averaged 20.1 million barrels per day, down by 2.1% 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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