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U.S. oil inventories increase in week ending July 13: EIA
Last Updated: 2018-07-19 12:11 | Xinhua
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U.S. crude oil inventories increased in the week ending July 13, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.

According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased by 5.8 million barrels during the week ending July 13.

In the previous week ending July 6, EIA reported a draw of 12.6 million barrels, the biggest weekly drop in domestic crude supplies in nearly two years.

U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending July 13, which was 413,000 barrels per day less than the previous week's average.

U.S. crude oil imports averaged 9.1 million barrels per day last week, up by 1,635,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 8.5 million barrels per day, 8.1 percent more than the same four-week period last year.

Total motor gasoline inventories decreased by 3.2 million barrels last week and are about 5 percent above the five year average for this time of year.

Distillate fuel inventories decreased by 0.4 million barrels last week and are about 13 percent below the five year average for this time of year. Total commercial petroleum inventories increased by 6.0 million barrels last week.

Total products supplied over the last four-week period averaged 20.7 million barrels per day, down by 0.3 percent from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.6 million barrels per day, down by 0.1 percent from a year ago.

Distillate fuel product supplied averaged 3.9 million barrels per day over the past four weeks, down by 5.2 percent from the same period last year. Jet fuel product supplied was up 0.8 percent compared with the same four-week period last year.

Oil prices went up on Wednesday after official data showed that U.S. gasoline inventories declined more than expected.

The West Texas Intermediate (WTI) for August delivery added 0.68 U.S. dollar to settle at 68.76 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery increased 0.74 dollar to close at 72.90 dollars a barrel on the London ICE Futures Exchange.

(Editor:富博)

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U.S. oil inventories increase in week ending July 13: EIA
Source:Xinhua | 2018-07-19 12:11
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