At Cushing provide hub in Oklahoma, provides fell for a fourth week, down 302,000 bbl to 43.822 million bbl.
Knowledge confirmed provides of crude oil within the Strategic Petroleum Reserve had been drawn down for an eighth consecutive week, down 1.004 million bbl to the bottom stage for the reason that week ended Dec. 12, 2003.
At 447.1 million bbl, U.S. crude oil inventories are actually about 3% above the 5 12 months common. The big draw was realized as home refineries sharply elevated crude inputs throughout the reviewed week, up 464,000 barrels per day (bpd) to 16.eight million bpd on 91.9% of operable capability. Crude oil exports decreased 345,000 bpd to common 3.135 million bpd final week and imports fell 201,000 bpd to six million bpd throughout the week ended Nov. 29.
U.S. crude oil manufacturing remained unchanged at 12.9 million bpd for the second consecutive week.