EIA: Crude Oil Inventory report +5.43 million build vs expectations for a flat reading

May 15 14:05 2019 Print This Article

West Texas Intermediate crude pared losses following the larger than expected build, which some traders were expecting.

U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending May 10, 2019, which was 271,000 barrels per day more than the previous week’s

average. Refineries operated at 90.5% of their operable capacity last week. Gasoline production decreased last week, averaging 9.9 million barrels per day. Distillate fuel

production increased last week, averaging 5.3 million barrels per day. U.S. crude oil imports averaged 7.6 million barrels per day last week, up by 919,000

barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 7.2 million barrels per day, 9.6% less than the same four-week period last

year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 752,000 barrels per day, and distillate fuel

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