EIA: U.S. commercial crude oil inventories decreased by 7.2 mln barrels

Eren Sengezer FXStreet

Key highlights from the EIA's report's summary of weekly petroleum data for the week ending July 21, 2017:

U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending July 21, 2017, 166,000 barrels per day more than the previous week’s average.
U.S. crude oil imports averaged over 8.0 million barrels per day last week, up by 48,000 barrels per day from the previous week.
U.S. commercial crude oil inventories decreased by 7.2 million barrels from the previous week.
Total products supplied over the last four-week period averaged about 21.2 million barrels per day, up by 4.6% 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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