EIA Reports a 1.1M Barrels Rise in US Crude Oil Inventories

EIA Reports a 1.1M Barrels Rise in US Crude Oil Inventories

(EIA) Stockpiles of US crude oil inventories rose by 1.1 million barrels to 411.5 million barrels in the week that ended February 11.

During the week, inventories of motor gasoline fell by 1.3 million barrels, while distillate fuel inventories were down by 1.6 million barrels.

The total crude refinery inputs fell by 0.7 million barrels per day to an average of 14.9 million bpd during the week. Refineries were operating at 85.3% capacity.

The crude oil imports declined by 0.6 million bpd to an average of 5.8 million bpd. The imports were up 9.3% from the prior year to 6.4 million bpd over the past four weeks.

Overall total products supplied in the past four weeks increased by 11.9% year-over-year to an average of 22.1 million bpd.CL1! is up +2.81%.

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