US Weekly Oil Data

US Inventories, Exports, Imports, and Refinery Utilization (12 Charts).

MAIN TAKEAWAYS

Refinery utilization increased above 90% and helped lower crude inventories more than expected.

We expect inventories to continue to decline with a few surprises here and there. But we still need to see a major increase in crude exports to lead to a meaningful drop in US crude inventories.

IN DETAIL