1/5, 4:34 PM (Source: TeleTrader)
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EIA: US crude inventories decline by 2.1 million barrels

Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, decreased by 2.1 million barrels to 417.9 million barrels in the week ending December 31, the Energy Information Administration reported on Wednesday.

US crude oil refinery inputs averaged 15.9 million barrels per day, down by 163,000 barrels per day from the average recorded the week prior. Refineries operated at 89.8% of their capacity, while gasoline production declined, averaging 8.5 million barrels per day.

Imports of crude oil in the US averaged 5.9 million barrels per day, 0.9 million barrels per day less compared to the previous week. Total commercial petroleum inventories surged by 10.2 million barrels.

Baha Breaking News (BBN) / ND