Crude Oil Inventories and Production Report of EIA

U.S. oil imports have been declining over the past couple of year. Last week, it rose to 7.93 million barrels per day, largely due to higher refinery demand.

crude oil production in the United States reached a new record high of 12.4 million barrels per day last week.

The level of U.S. crude oil exports, which rose to a new record high of 3.61 million barrels per day earlier this year. Last week, it was 3.3 million barrels per day.

The level of U.S. distillate inventories. According to the latest report, the inventory rose last week to 129.4 million barrels.

The level of crude oil inventories, which has declined to around 64 million barrels since its peak in April 2017. Inventories declined last week to 483.3 million barrels.

U.S. refinery operating at 91.8 percent. Refinery intake has taken a sharp dive from 97 percent in January but up from 85.9 percent in mid-February.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

4 thoughts on “Crude Oil Inventories and Production Report of EIA”

  1. US dollar index has once declined sharply after showing a minor till 97.37.The index hits low of 96.75 yesterday and shown a good recovery from that level. Overall trend is weak as long as resistance 97.40 holds. The decline was mainly due to weak ADP employment data and rate cut hopes.The inverted yield curve showing chances of recession in US. The index hits intraday low of 96.89 and is currently trading around 96.89.

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