U.S. crude oil refinery inputs averaged 15.5 million barrels per day, which was 424,000 barrels per day more than the previous week’s average, with refineries working at 90% of their capacity.
Gasoline production increased last week, averaging 9.5 million barrels/day. Distillate fuel production also increased, averaging 4.7 million barrels per day.
U.S. crude oil imports averaged 6 million barrels per day last week, 305,000 barrels per day lower from the previous week, with imports averaging approx. 6.3 million barrels/day.
U.S. commercial crude oil inventories increased by 9.4 million barrels from the previous week to 421.8 million barrels. Considering the figures, the inventories are about 13% below the five-year average for this time of year.