EIA: USA crude inventory fell more than expected as refineries increase run rates
EIA: USA crude inventory fell more than expected as refineries increase run rates
US crude oil inventories fell 5.9 million barrels by the week ending 9 April 2021 – more than expected as refineries increase production rates ahead of the summer driving season, data from the Energy Information Administration showed.
Refinery utilization rate increase by another 1 percentage point to 85% - the highest level since March 2020.
Net US crude imports rose by 443,000 barrels per day.