Commercial Crude Oil Inventories in the US fell by 6.4 million barrels in the week ending September 10, the weekly report published by the US Energy Information Administration (EIA).
Market reaction
With the initial reaction, crude oil prices extended the rally and a barrel of West Texas Intermediate (WTI) was last seen rising 3.3% on the day at $ 73.05.
Featured statements
“Total motor gasoline inventories decreased by 1.9 million barrels last week.”
“Inputs to US crude oil refineries averaged 14.4 million barrels per day for the week ending September 10, 2021, which was 85,000 barrels per day more than the previous week’s average.”
“US crude oil imports averaged 5.8 million barrels per day last week, 48,000 barrels per day less than the previous week.”
“Total products supplied during the last four-week period averaged 21.1 million barrels per day, 16.9% more than in the same period last year.”
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