US Crude Inventories Rebound to 430.8 Million Barrels

Source: EIA

American commercial crude oil posted a slight rebound, as both refinery inputs and imports posted growth.

• Inventories for the week ending October 22 climbed by 4.3 million barrels to 430.8 million barrels. This is about 6% lower than the five-year average.
• Increases were reported in propane/propylene total commercial petroleum inventories, while finished gasoline inventories were unchanged.
• Decreases were seen in total motor gasoline and distillate fuel inventories.
• Refinery inputs averaged 15.0 million barrels per day, 58,000 barrels per day higher than the previous week as refineries operated at 85.1% capacity.
• Gasoline production jumped to 10.1 million barrels per day, while distillate fuel production grew to an average of 4.6 million barrels per day.
• Crude oil imports averaged 6.3 million barrels per day, up by 430,000 barrels per day from the previous week.
• Total products supplied over the last four weeks averaged 20.8 million barrels a day, 9.9% higher than the same period last year.