Weekly EIA petroleum report. Link here.
- US crude oil in storage decreased by a whopping 6.7 million bbls;
- US crude oil in storage now stands at 452.3 million bbls; 6% below the five-year average;
- refiners are operating at 93% of their operable capacity;
- US crude oil imports averaged 6.4 million bopd; decreased by 0.5 million bopd; average is 6.7 million bopd; 3% more than the same four-week period last year;
- total motor gasoline inventories increased by 1.5 million bbls last week; right in line with average;
- distillate fuel inventories decreased by 0.9 million bbls and are 5% below the five-year average;
- jet fuel supplied was up 83.5% compared with same four-week period last year;
