EIA: U.S. commercial crude inventories fell by 2.2 million barrels last week

According to foreign media reports, statistics released by the US Energy Information Administration (EIA) on the 9th showed that US commercial crude oil inventories (excluding the Strategic Petroleum Reserve) fell sharply by 2.
2 million barrels
in the week ending on May 4.

In its weekly Oil Status Report, the EIA noted that the latest estimate of U.
S.
commercial crude inventories stood at 433.
8 million barrels, less than half the
average crude oil inventory level for this time of year.

The EIA also said in the report that total U.
S.
motor gasoline inventories fell by 2.
2 million barrels last week, in the upper half of
the average range.
Both commodity gasoline inventories and blended-component gasoline inventories declined
last week.

U.
S.
refiners processed an average of 16.
5 million barrels per day last week, down 75,000 barrels
a month on a day.
U.
S.
refinery capacity utilization was 90.
4%
last week.

The United States imported an average of 7.
3 million barrels per day last week, down 1.
2 million barrels
per day from the previous month.
Over the past four weeks, the United States has imported an average of 8.
1 million barrels of crude oil per day, down about 1%
year-on-year.