EIA: Commercial crude oil inventories increased by 6.3 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 16.3 million barrels per day during the week ending October 19, 2018, which was 48,000 barrels per day less than the previous week’s average.
Gasoline production decreased last week, averaging 10.0 million barrels per day.
Distillate fuel production increased last week, averaging 5.0 million barrels per day.
U.S. crude oil imports averaged 7.7 million barrels per day last week, up by 63,000 barrels per day from the previous week.
U.S. commercial crude oil inventories increased by 6.3 million barrels from the previous week.
Total products supplied over the last four-week period averaged 20.4 million barrels per day, up by 3.6% 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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