U.S. commercial crude oil inventories decreased by 3.6 million barrels - EIA

Eren Sengezer FXStreet

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

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.6 million barrels from the previous week.
At 528.7 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year
U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending April 21, 2017
Refineries operated at 94.1% of their operable capacity last week
Gasoline production decreased last week, averaging over 9.7 million barrels per day
Distillate fuel production decreased last week, averaging about 5.1 million barrels per day
U.S. crude oil imports averaged over 8.9 million barrels per day last week, up by 1.1 million barrels per day from the previous week

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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