USA: decline in weekly crude oil inventories

(CercleFinance.com) - Data published by the U.
S. Energy Information Administration (EIA) show that U.S. crude oil inventories totaled 423.4 million barrels for the week ending November 25, down 5.1 million barrels on the previous week.

The agency also reported that inventories of distillate products - including heating oil - rose by 3.4 million barrels, while gasoline inventories were up by 2.4 million barrels, again compared with the previous week.

Finally, the EIA reported that refineries operated at 93.5% of their operating capacity during the same week, with average production of 9.5 million barrels/day.

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