EIA: US commercial crude oil inventories increased by 4.6 mln barrels

Eren Sengezer FXStreet

Key highlights from the EIA's report's summary of weekly petroleum data for the week ending September 15, 2017:

U.S. crude oil refinery inputs averaged about 15.2 million barrels per day during the week ending September 15, 2017, 1.1 million barrels per day more than the previous week’s average.
U.S. crude oil imports averaged about 7.4 million barrels per day last week, up by 888,000 barrels per day from the previous week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week.
At 472.8 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.
Total products supplied over the last four-week period averaged 20.4 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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