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U.S. Crude Supplies Down, Other Petroleum Data Mixed

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian

U.S. crude oil refinery inputs averaged 15.2 million barrels per day (b/d) during the week ending Oct. 6, 399,000 b/d less than the previous week’s average, according to the weekly report issued by the U.S. Energy Information Administration (EIA) on Thursday.

Refineries operated at 85.7 percent of their operable capacity last week, said the Weekly Petroleum Data Report.

During the same period, both gasoline and distillate fuel production rose, averaging 9.7 million b/d and 4.7 million b/d respectively.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, surged by 10.2 million barrels from the previous week to 424.2 million barrels, about 3.0 percent below the five-year average for this time of year.

Total motor gasoline inventories went down by 1.3 million barrels from the previous week and were some 1.0 percent above the five-year average for this time of year.

Both finished gasoline and blending components inventories decreased last week.

Distillate fuel inventories went down by 1.8 million barrels last week, about 11 percent below the five-year average for this time of year.

Propane/propylene inventories slightly went up by 0.1 million barrels from last week, about 18 percent above the five-year average for this time of year.

Total commercial petroleum inventories rose by 6.3 million barrels last week.

Total products supplied over the last four-week period averaged 20.0 million b/d, up by 0.1 percent from the same period last year.

Over the past four weeks, motor gasoline product supplied averaged 8.4 million b/d, down by 3.6 percent from the same period last year.

Distillate fuel product supplied averaged 3.9 million b/d over the past four weeks, down by 2.7 percent from the same period last year.

Jet fuel product supplied was up 5.1 percent compared with the same four-week period last year. 

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