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8/3, 4:30 PM (Source: TeleTrader)
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US crude inventories up 4.5 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 4.5 million barrels to 426.6 million barrels in the week ending July 29, the US Energy Information Administration (EIA) reported on Wednesday.

US crude oil refinery inputs averaged 15.9 million barrels per day, down by 174,000 barrels per day from the average recorded the week prior. Refineries operated at 91% of their capacity, while gasoline production declined, averaging 9.3 million barrels per day.

Imports of crude oil into the US averaged 7.3 million barrels per day, 1.2 million barrels per day more compared to the previous week. Total commercial petroleum inventories increased by 3.5 million barrels.

Baha Breaking News (BBN) / MS