Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went up by 1.7 million barrels to 437.0 million barrels in the week ending March 14, the Energy Information Administration (EIA) stated in its report published on Wednesday.
Oil refinery inputs averaged 15.7 million barrels per day (bpd) during the week ending March 14, decreasing by 45,000 bpd compared to the previous week's average. Refineries operated at 86.9% of their operable capacity. Meanwhile, gasoline production increased and averaged 9.6 million bpd.
Crude oil imports went down by 85,000 bpd week-on-week to average 5.4 million bpd. Total commercial petroleum inventories increased by 1.6 million barrels last week.
