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Weekly EIA Oil Report – November 10th

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 November 2021
Here are the latest details from the U.S. Energy Information Administration regarding diesel fuel, heating oil, gasoline and many more, for the week ending on November 10th

U.S. crude oil refinery inputs averaged at 15.4 mbpd, while gasoline production decreased last week, averaging to 10.1 million barrels/day.

U.S. crude oil imports averaged at 6.1 mbpd, while commercial crude oil inventories (excluding Strategic Reserves) increased by 1.0 mbpd from the previous week.

The total motor gasoline imports (both the finished gasoline & gasoline blending components) from last week averaged at 587,000 bpd. Distillate fuel imports averaged 278,000 bpd, while the jet fuel product supplied was up 45.2% compared with the same 4-week period last year.

Total commercial petroleum inventories increased by 1.2 mbpd last week, as the total products supplied over the last month averaged at 20.2 mbpd, up by 6.1% from the same period, last year.

Sources: eia.gov

The information presented herein is prepared by capex.com/ae and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. 

Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.