9/27, 4:31 PM (Source: TeleTrader)
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EIA: US crude inventories down by 2.2 million barrels

Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 2.2 million barrels to 416.3 million barrels in the week ending September 22, the Energy Information Administration (EIA) stated in its report published on Wednesday.

Crude oil refinery inputs averaged 16.1 million barrels per day during the same week, 239,000 barrels per day less than the previous week's average. Refineries operated at 89.5% of their operable capacity. Meanwhile, gasoline production decreased and averaged 9.1 million bpd.

Crude oil imports went up by 711,000 bpd week-on-week to average 7.2 million bpd. Total commercial petroleum inventories declined by 1.5 million barrels last week.

Baha Breaking News (BBN) / RR