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Crude Inventory Rose 1.2 Million Barrels Last Week, Says EIA
U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending May 31, 2024, which was 61 thousand barrels per day more than the previous week’s average. Refineries operated at 95.4% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million barrels per day. Distillate fuel production increased last week, averaging 5.1 million barrels per day. U.S. crude oil imports averaged 7.1 million barrels per day last week, increased by 289 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 ... (full story)