1/26, 4:30 PM (Source: TeleTrader)
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EIA: US crude inventories rise 2.4 million barrels

Crude oil stockpiles in the United States rose by 2.4 million to 416.2 million barrels in the week ending January 21, the US Energy Information Administration said in its weekly report on Wednesday.

US crude oil refinery inputs averaged 15.5 million barrels per day, up by 44,000 barrels per day from the average recorded the week prior. Refineries operated at 87.7% of their capacity, while gasoline production increased, averaging 8.9 million barrels per day.

Imports of crude oil in the US averaged 6.2 million barrels per day, 500,000 barrels per day fewer compared to the previous week. Total commercial petroleum inventories decreased by 4.1 million barrels.

Baha Breaking News (BBN) / BU