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