US Commercial Crude Oil Inventories Climb to 418.5 Million Barrels

Source: EIA

US commercial crude oil inventories continued to climb as both refinery inputs and imports posted growth.

• Crude oil inventories for the week ending September 24 climbed by 4.6 million barrels to 418.5 million barrels. This is about 7% below the five-year average.
• Total motor gasoline inventories increased by 0.2 million barrels, distillate fuel by 0.4 million barrels, and propane/propylene by 2.6 million barrels. 
• Total commercial petroleum inventories grew by 10.9 million barrels from the previous week, while finished gasoline inventories declined.
• Refinery inputs averaged 15.4 million barrels per day, up 67,000 barrels per day from the previous week as refineries operated at 88.1% capacity.
• Gasoline production averaged 9.9 million barrels per day, while distillate fuel production increased 4.6 million barrels per day.
• Crude oil imports grew 87,000 barrels per day to 6.6 million barrels per day, bringing the four-week average up 18.7% to 6.1 million barrels per day.