7/21, 4:30 PM (Source: TeleTrader)
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EIA: US crude inventories up by 2.1M barrels

Crude oil stockpiles in the United States increased by 2.1 million to 439.7 million barrels in the week ending July 16, the US Energy Information Administration said in its weekly report released on Wednesday.

Meanwhile, crude oil imports averaged 7.1 million barrels per day last week, up by 900,000 barrels compared to the previous week. Gasoline production averaged 9.1 million barrels per day, according to the report.

Crude oil refinery inputs averaged 16 million barrels per day during the same week, 87,000 barrels per day less than the previous week’s average. Finally, the EIA said that refineries operated at 91.4% of their operable capacity in the same period.

Breaking the News / JC