3/15, 3:32 PM (Source: TeleTrader)
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EIA: US crude inventories up by 1.55 million barrels

Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, rose by 1.55 million barrels to 480.1 million barrels in the week ending March 10, the US Energy Information Administration (EIA) shared in its report on Wednesday.

The crude oil refinery inputs in the country averaged 15.4 million barrels per day, increasing by 430,000 barrels per day from the average recorded in the week prior. Refineries operated at 88.2% of their capacity, while gasoline production fell to an average of 9.1 million barrels per day.

Imports of crude oil into the US averaged 6.2 million barrels per day, 55,000 barrels per day less in comparison to the previous week. Total commercial petroleum inventories rose by 1.6 million barrels.

Baha Breaking News (BBN) / JG