1/25, 4:30 PM (Source: TeleTrader)
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EIA: US crude inventories up 500,000 barrels

Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, increased by 500,000 barrels to 448.5 million barrels in the week ending January 20, the US Energy Information Administration (EIA) reported on Wednesday.

US crude oil refinery inputs averaged 15 million barrels per day, up by 127,000 barrels per day from the average recorded the week prior. Refineries operated at 86.1% of their capacity, while gasoline production decreased to an average of 8.8 million barrels per day.

Imports of crude oil into the US averaged 5.9 million barrels per day, 956,000 barrels per day fewer compared to the previous week. Total commercial petroleum inventories increased by four million barrels.

Baha Breaking News (BBN) / MS