Brocker.Org: EIA: U.S. crude oil inventories decreased by 1.8 million barrels from the previous week


Key highlights from the Summary of Weekly Petroleum Data for the Week Ending May 12, 2017, published by the U.S. Energy Information Administration:

  • U.S. crude oil refinery inputs averaged over 17.1 million barrels per day during the week ending May 12, 2017, 363,000 barrels per day more than the previous week’s average
  • U.S. crude oil imports averaged 8.6 million barrels per day last week, up by 970,000 barrels per day from the previous week
  • U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.8 million barrels from the previous week.
  • At 520.8 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year
  • Total products supplied over the last four-week period averaged about 19.8 million barrels per day, down by 2.2% from the same period last year