Weekly EIA petroleum report:
- US crude oil in storage decreased by 5.2 million bbls;
- US crude oil in storage now stands at 474.0 million bbls, 4% below the already-fat-five-year average;
- refiners are operating at 91.3% of their operable capacity (trending nicely);
- US imported 6.6 million bbls of crude oil on average each day last week; an increase of 1.0 million bbls from the week before:
- US crude oil imports are averaging about 6.2 million bbls per day, about 2% less than the same four-week period last year;
- distillate fuel inventories increased by 4.4 million bbls last week but still 5% below the five-year average for this time of the year;
- jet fuel supplied was up 95.1% compared with same four-week period last year;