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Weekly EIA Oil Report – November 24th

Weekly EIA Oil Report – November 24th

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 18th

U.S. crude oil refinery inputs averaged 16.4 million barrels per day, which was 258,000 barrels per day more than the previous week’s average, with refineries working at 93.9% of their capacity.

Gasoline production decreased last week, averaging 9.2 million barrels/day. Distillate fuel production increased, averaging 5.1 million barrels per day.

U.S. crude oil imports averaged 7.1 million barrels per day last week, 1.5 million barrels per day higher than the previous week, with imports averaging approx. 6.3 million barrels/day.

U.S. commercial crude oil inventories decreased by 3.7 million barrels from the previous week to 431.7 million barrels. Considering the figures, the inventories are about 5% below the five-year average for this time of year.

Sources: eia.gov

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