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6/15/2016, 4:35 PM (Source: TeleTrader)
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EIA: U.S. crude inventories lower by 0.9 million barrels

Commercial oil inventories decreased by 0.9 million barrels to 531.5 million barrels for the week ending on June 10. Stocks are at historically high levels for this time of the year, noticed the weekly report from the U.S. Energy Information Administration (EIA) released on Wednesday.

Gasoline inventories fell by 2.6 million barrels last week, but were above average range. Distillate fuels inventories were 0.08 million barrels higher.

Crude oil refinery inputs averaged over 16.3 million barrels per day, which is 100,000 barrels per day less than the previous week's average. Refineries operated at 90.2% of their capacity last week.

Crude oil imports averaged over 7.6 million barrels per day last week, which is 83,000 barrels per day lower than the week before that. In the last four weeks, crude oil imports averaged 7.6 million barrels per day, or 9.8% above the same four-week period a year ago.

U.S. light sweet crude fell 0.25% to $48.39 a barrel, while Brent fell 0.72% higher to $49.53 a barrel at ICE Futures Europe at 4:25 p.m. CET.

Breaking the News / ZR