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EIA: US commercial crude inventories fell as refineries ramped up run ratesRefineries operated at 90.5% of the capacity, up from 89.8% from the previous week, leading to a rise of 5.4 million barrels rise in total motor gasoline inventories. |
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The commercial crude inventories in the US fell 4.6 million barrels in the week ending 1 December 2023 as refineries in the country completed the maintenance season and started to ramp up operating rates, the Energy Information Administration said.
At 445 million barrels, the stocks are about 1% below the five-year average.
Refineries operated at 90.5% of the capacity, up from 89.8% from the previous week, leading to a rise of 5.4 million barrels rise in total motor gasoline inventories.
Last week recorded the first weekly drop in local production since July 2023 to 13.1 million barrels per day.
