EIA: US crude inventories rise by 6M barrels

Economy 10/11/2018, 5:01 PM
EIA: US crude inventories rise by 6M barrels

United States crude oil inventories increased by 6 million barrels to 410 million barrels for the week ending October 5, the US Energy Information Administration (EIA) reported on Thursday. In the week before that, the crude oil inventories rose by 8 million barrels.

Crude oil inputs averaged 16.2 million barrels per day for the period, 352,000 barrels less than the previous week's average. Refineries operated at 88.8% of their capacity. Gasoline production averaged around 9.7 million barrels per day, decreasing from the week before that.

Crude oil imports averaged 7.4 million barrels per day for the period, decreasing by 568,000 barrels per day compared to the week before that. Meanwhile, total commercial petroleum inventories rose by 11.3 million barrels last week.

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