EIA: Commercial crude oil inventories increased by 4.9 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 16.9 million barrels per day during the week ending November 16, 2018.
Refineries operated at 92.7% of their operable capacity last week.
Gasoline production decreased last week, averaging 10.0 million barrels per day.
U.S. commercial crude oil inventories increased by 4.9 million barrels from the previous week.
U.S. crude oil imports averaged 7.6 million barrels per day last week, up by 102,000 barrels per day from the previous week.

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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