Crude oil stockpiles in the United States rose by 2.4 million to 412.4 million barrels in the week ending April 1, the US Energy Information Administration revealed in its weekly report published on Wednesday. Total commercial petroleum inventories went up by 5.2 million barrels in comparison to the week before.
Crude oil refinery inputs averaged 15.9 million barrels per day, up by 35,000 barrels per day in contrast with the past week's average. Refineries operated at 92.5% of their capacity. Meanwhile, gasoline production improved and averaged 9.1 million barrels per day.
Crude oil imports averaged 6.3 million barrels per day, a rise of 41,000 barrels per day compared to the previous week.
