1/20, 5:00 PM (Source: TeleTrader)
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US crude inventories up 500,000 barrels - EIA

Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, rose by 500,000 barrels to 413.8 million barrels in the week ending January 14, the US Energy Information Administration (EIA) reported on Thursday.

US crude oil refinery inputs averaged 15.5 million barrels per day, down by 120,000 barrels per day from the average recorded the week prior. Refineries operated at 88.1% of their capacity, while gasoline production increased, averaging 8.7 million barrels per day.

Imports of crude oil into the US averaged 6.7 million barrels per day, 700,000 barrels per day more compared to the previous week. Total commercial petroleum inventories decreased by 1.5 million barrels.

Baha Breaking News (BBN) / MS