United States oil inventories fell by 1.5 million barrels to 481.9 million barrels for the week ending July 28, the US Energy Information Administration (EIA) reported on Wednesday. Week before that, crude oil stocks declined by 7.2 million barrels.
Crude oil refinery inputs averaged 17.4 million barrels per day last week, which is 123,000 barrels per day less than the previous week's average. Refineries operated at 95.4% of their capacity.
Crude oil imports averaged 8.3 million barrels per day in the same period which is 209,000 barrels per day more than the week before that.