(EIA) US crude oil inventories fell by 0.4 million barrels for the week that ended August 6, less than the expected drop of 1.2 million barrels.
The decrease in the crude oil inventories is a U-turn after surging by 3.63 million barrels for the week that ended July 30.
Motor gasoline inventories dropped by 1.4 million barrels for the week that ended August 6.
Crude oil refinery inputs rose by 277,000 barrels a day for the week to average 16.2 million barrels a day.
Total crude imports in the US averaged 6.4 million barrels a day, a decline of 36,000 barrels a day from the previous week.
Over the last four weeks, total product supplies were 20.6 million barrels a day, a gain of 11.3% from the same period the previous year.
CL1! is up +0.85%
