5/19, 4:30 PM (Source: TeleTrader)
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US crude inventories up by 1.3 million barrels - EIA

Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, rose by 1.3 million barrels to 486 million barrels in the week ending May 14, the US Energy Information Administration (EIA) reported on Wednesday.

US crude oil refinery inputs averaged 15.1 million barrels per day, up by 96,000 barrels per day from the average recorded the week prior. Refineries operated at 86.3% of their capacity, while gasoline production increased, averaging 9.8 million barrels per day.

Imports of crude oil in the US averaged 6.4 million barrels per day, 900,000 barrels per day more compared to the previous week. Total commercial petroleum inventories declined by 200,000 barrels.

Breaking the News / MS