U.S. crude oil inventories decreased again in the week ending June 22, 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 9.9 million barrels during the week ending June 22.
In the previous week ending on June 15, EIA reported a draw of 5.9 million barrels. For the same week, The American Petroleum Institute (API) on Tuesday reported a draw of 9.2 million barrels.
U.S. crude oil refinery inputs averaged about 17.8 million barrels per day during the week ending June 22, which was 115,000 barrels per day more than the previous week's average.
At 416.6 million barrels, U.S. crude oil inventories are about 4 percent below the five-year average for this time of year.
Total motor gasoline inventories increased by 1.2 million barrels last week and are about 6 percent above the five-year range. Finished gasoline inventories decreased while blending components inventories increased last week.
Distillate fuel inventories remained unchanged 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 20.2 million barrels per day, up by 1.5 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 0.1 percent from the same period last year.
Distillate fuel product supplied averaged 3.8 million barrels per day over the past four weeks, down by 2.5 percent from the same period last year. Jet fuel product supplied was down 3.7 percent compared with the same four-week period last year.
Oil prices extended gains on Wednesday after official data showed a much-bigger-than-expected decline in U.S. crude stockpiles.
The West Texas Intermediate (WTI) for August delivery jumped 2.23 U.S. dollars to settle at 72.76 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery added 1.31 dollars to 77.62 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 9.9 million barrels during the week ending June 22.
In the previous week ending on June 15, EIA reported a draw of 5.9 million barrels. For the same week, The American Petroleum Institute (API) on Tuesday reported a draw of 9.2 million barrels.
U.S. crude oil refinery inputs averaged about 17.8 million barrels per day during the week ending June 22, which was 115,000 barrels per day more than the previous week's average.
At 416.6 million barrels, U.S. crude oil inventories are about 4 percent below the five-year average for this time of year.
Total motor gasoline inventories increased by 1.2 million barrels last week and are about 6 percent above the five-year range. Finished gasoline inventories decreased while blending components inventories increased last week.
Distillate fuel inventories remained unchanged 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 20.2 million barrels per day, up by 1.5 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 0.1 percent from the same period last year.
Distillate fuel product supplied averaged 3.8 million barrels per day over the past four weeks, down by 2.5 percent from the same period last year. Jet fuel product supplied was down 3.7 percent compared with the same four-week period last year.
Oil prices extended gains on Wednesday after official data showed a much-bigger-than-expected decline in U.S. crude stockpiles.
The West Texas Intermediate (WTI) for August delivery jumped 2.23 U.S. dollars to settle at 72.76 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery added 1.31 dollars to 77.62 dollars a barrel on the London ICE Futures Exchange.
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