U.S. crude oil inventories decreased in the week ending June 15, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.
According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 5.9 million barrels during the week ending June 15.
The American Petroleum Institute (API) on Tuesday reported a draw of over 3.0 million barrels from the U.S. crude oil inventories for the same week.
For the week ending June 8, the EIA reported a draw of 4.1 million barrels.
U.S. crude oil refinery inputs averaged about 17.7 million barrels per day during the week ending June 15, which was 196,000 barrels per day more than the previous week's average.
At 426.5 million barrels, U.S. crude oil inventories are about 2 percent below the five year average for this time of year.
Total motor gasoline inventories increased by 3.3 million barrels last week and are about 6 percent above the five-year range. Finished gasoline and blending components inventories both increased last week.
Distillate fuel inventories increased by 2.7 million barrels last week and are about 14 percent below the five-year average for this time of year.
Total products supplied over the last four-week period averaged 20.3 million barrels per day, up by 0.9 percent from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 9.5 million barrels per day, down by 0.9 percent from the same period last year.
Distillate fuel product supplied averaged 4.0 million barrels per day more than the past four weeks, up by 2.0 percent from the same period last year. Jet fuel product supplied was down 2.1 percent compared withthe same four-week period last year.
U.S. oil price increased on Wednesday as official data showed that crude stockpiles declined last week.
Meanwhile, investors were awaiting the upcoming OPEC (Organization of the Petroleum Exporting Countries) meeting.
OPEC and its allied oil producers including Russia will meet on June 22 in Vienna, Austria. It was expected that the major exporters would discuss whether to withdraw from the current output-cut deal.
The West Texas Intermediate for July delivery increased 1.15 dollars to settle at 66.22 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery was down 0.34 dollar to close at 74.74 dollars a barrel on the London ICE Futures Exchange.
According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 5.9 million barrels during the week ending June 15.
The American Petroleum Institute (API) on Tuesday reported a draw of over 3.0 million barrels from the U.S. crude oil inventories for the same week.
For the week ending June 8, the EIA reported a draw of 4.1 million barrels.
U.S. crude oil refinery inputs averaged about 17.7 million barrels per day during the week ending June 15, which was 196,000 barrels per day more than the previous week's average.
At 426.5 million barrels, U.S. crude oil inventories are about 2 percent below the five year average for this time of year.
Total motor gasoline inventories increased by 3.3 million barrels last week and are about 6 percent above the five-year range. Finished gasoline and blending components inventories both increased last week.
Distillate fuel inventories increased by 2.7 million barrels last week and are about 14 percent below the five-year average for this time of year.
Total products supplied over the last four-week period averaged 20.3 million barrels per day, up by 0.9 percent from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 9.5 million barrels per day, down by 0.9 percent from the same period last year.
Distillate fuel product supplied averaged 4.0 million barrels per day more than the past four weeks, up by 2.0 percent from the same period last year. Jet fuel product supplied was down 2.1 percent compared withthe same four-week period last year.
U.S. oil price increased on Wednesday as official data showed that crude stockpiles declined last week.
Meanwhile, investors were awaiting the upcoming OPEC (Organization of the Petroleum Exporting Countries) meeting.
OPEC and its allied oil producers including Russia will meet on June 22 in Vienna, Austria. It was expected that the major exporters would discuss whether to withdraw from the current output-cut deal.
The West Texas Intermediate for July delivery increased 1.15 dollars to settle at 66.22 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery was down 0.34 dollar to close at 74.74 dollars a barrel on the London ICE Futures Exchange.
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