US Crude Oil Inventories Up to 420.9 Million Barrels

Source: Energy Information Administration

American crude oil inventories increased by 2.3 million after inputs and imports increased from the previous week.

• Commercial crude oil inventories grew by 2.3 million barrels to 420.9 million barrels, about 7% below the five-year average for the average of the time period.
• Total motor gasoline inventories jumped 3.3 million barrels but remained 1% below the five-year average, as finished gasoline inventories fell as blending components grew from the previous week.
• Distillate fuel inventories slipped 0.4 million barrels and remained 11% lower than the five-year average.
• Refinery inputs averaged 15.7 million barrels per day, up 330,000 barrels a day from the previous week as refineries operated at 89.6% of operable capacity.
• Imports climbed 483,000 barrels per day to 7.0 million barrels per day, as gasoline imports jumped 1.1 million barrels per day and distillate fuel imports climbed 298,00 barrels per day.