1/22, 5:00 PM (Source: TeleTrader)
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EIA: US crude inventories up by 4.4 million barrels

Crude oil stockpiles in the United States increased by 4.4 million to 486.6 million barrels in the week ending January 15, the US Energy Information Administration said in its weekly report on Friday.

Meanwhile, crude oil imports averaged 6 million barrels per day last week, down by 194,000 barrels compared to the previous week. Gasoline production averaged 8.9 million barrels per day, according to the report.

The crude oil refinery inputs averaged 14.8 million barrels per day during the same week, 110,000 barrels per day more than the previous week’s average. Finally, the EIA said that refineries operated at 82.5% of their operable capacity in the same period.

Breaking the News / JC