(RTTNews) - Crude Oil Inventories in the U.S. edged up during the week ended May 20, official data showed Wednesday. The U.S. Energy Information Administration in its weekly crude oil report said U.S. commercial crude oil inventories increased by 600,000 barrels to 370.90 million barrels last week, and remain above the upper limit of the average range for this time of year.
The week before, crude oil inventories were unchanged at 370.30 million barrels.
Meanwhile, total motor gasoline inventories moved up by 3.8 million barrels last week, after increasing by 100,000 barrels in the prior week, but are in the lower limit of the average range.
Late Tuesday, data from the API revealed that U.S. crude oil inventories declined by 860,000 barrels, while gasoline stocks moved up by 2.4 million barrels in the week ended May 20.
Oil refinery inputs averaged 14.8 million barrels per day during the week, which were 494,000 barrels per day above the previous week's average as refineries operated at 86.30 percent of their operable capacity.
No comments:
Post a Comment