US Weekly Oil Data

US Inventories, Exports, Imports, and Refinery Utilization (Two Tables and 9 Charts)

MAIN TAKEAWAY

• Crude oil inventories declined slightly and are contrary to the build reported by the API yesterday.  

• No oil was released from the SPR last week.

• Gasoline inventories declined to their lowest level since 2016 for this time of the year.

• The “adjustment” hit an all-time high at 16.9 mb for the week. Data deterioration in the energy markets is getting worse.

IN DETAIL