EIA: US commercial crude oil inventories decreased by 5.6 mln barrels

Eren Sengezer FXStreet

Below are the key highlights from the EIA's weekly petroleum report for the week ending December 1, 2017.

U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending December 1, 2017.

U.S. crude oil imports averaged 7.2 million barrels per day last week, down by 127,000 barrels per day from the previous week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.6 million barrels from the previous week.

Total products supplied over the last four-week period averaged about 19.7 million barrels per day, up by 0.5% 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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