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US crude oil inventories increased by 1.6 MMbbl the week that ended Nov. 22, according to last week’s report from the US Energy Information Administration. Gasoline and distillate inventories increased 5.1 MMbbl and 0.7 MMbbl, respectively. Total petroleum inventories posted a slight increase of 0.1 MMbbl. US crude oil production rose 100,000 bbl/d, while crude oil imports were up 0.22 MMbbl/d to 6.2 MMbbl/d. WTI prices started the week firm and remained at the high end of the recent...

US crude oil inventories increased by 2.2 MMbbl the week that ended Nov. 8, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 1.9 MMbbl while distillate inventories decreased 2.5 MMbbl. Total petroleum inventories posted a decrease of 5.9 MMbbl. US crude oil production increased 200,000 bbl/d on the week, while crude oil imports were down by 0.37 MMbbl/d to 5.8 MMbbl/d. WTI prices extended upward the range that has held the...

US crude oil inventories increased by 7.9 MMbbl the week that ended Nov. 1, according to last week’s report from the US Energy Information Administration. Gasoline and distillate inventories decreased 2.8 MMbbl and 0.6 MMbbl, respectively. Total petroleum inventories posted an increase of 3.9 MMbbl, generated primarily by the crude build. US crude oil production was unchanged from the previous week, while crude oil imports were down by 0.62 MMbbl/d to 6.1 MMbbl/d. WTI prices last week...

US crude oil inventories increased 5.7 MMbbl the week that ended Oct. 25, according to last week’s report from the Energy Information Administration. Gasoline inventories decreased 3.0 MMbbl while distillate inventories decreased 1.0 MMbbl. Total petroleum inventories were down 2.2 MMbbl. US oil production was flat on the week, while imports rose 0.84 MMbbl/d to 6.7 MMbbl/d. WTI prices spent most of the week giving back gains made the previous week in anticipation of production cuts...

US crude oil inventories decreased by 1.7 MMbbl the week that ended Oct. 18, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories decreased 3.1 MMbbl and 2.7 MMbbl, respectively. Total petroleum inventories posted a substantial decline of 9.0 MMbbl. US crude oil production was unchanged from the previous week, while crude oil imports were down by 0.44 MMbbl/d to 5.9 MMbbl/d. WTI prices spent the week gaining on the expectations...

US crude oil inventories posted a substantial increase of 9.3 MMbbl for the week that ended Oct. 11, according to last week’s report from the Energy Information Administration. Gasoline inventories decreased 2.6 MMbbl, and distillate inventories decreased 3.8 MMbbl. Total petroleum inventories posted a decline of 1.6 MMbbl. US crude oil production was unchanged from the previous week, while crude oil imports were up 700,000 bbl/d to an average of 6.3 MMbbl/d. WTI spent the early portion...

US crude oil inventories posted an increase of 2.9 MMbbl for the week that ended Oct. 4, according to last week’s report from the Energy Information Administration. Gasoline decreased 1.2 MMbbl, and distillate inventories decreased 3.9 MMbbl. Total petroleum inventories posted a decline of 8.3 MMbbl. US crude oil production increased 0.2 MMbbl, while crude oil imports were down 0.67 MMbbl/d, to an average of 6.2 MMbbl/d. Crude spent the beginning of the week drifting lower, but closing...

US crude oil inventories posted an increase of 3.1 MMbbl for the week that ended Sept. 27, according to last week’s report from the Energy Information Administration. Gasoline and distillate inventories decreased 0.2 MMbbl and 2.4 MMbbl, respectively. Total petroleum inventories decreased 0.9 MMbbl. US crude oil production decreased 100,000 bbl/d, while crude oil imports were down 0.9 MMbbl/d to 6.3 MMbbl/d. Crude spent most of the week in decline before finding some support from...

US crude oil inventories posted an increase of 2.4 MMbbl for the week that ended Sept. 20, according to last week’s report from the Energy Information Administration. Gasoline inventories increased 0.5 MMbbl, while distillate inventories decreased 3.0 MMbbl. Total petroleum inventories posted an increase of 0.7 MMbbl. US crude oil production increased 100,000 bbl/d, while crude oil imports were down 0.7 MMbbl/d to 6.4 MMbbl/d. WTI flat price spent the past week doing much the same thing...

US crude oil inventories posted an increase of 1.1 MMbbl for the week that ended Sept. 20, according to last week’s report from the Energy Information Administration. Gasoline inventories increased 0.8 MMbbl, while distillate inventories increased 0.4 MMbbl. Total petroleum inventories posted an increase of 0.9 MMbbl. US crude oil production was flat week over week, while crude oil imports were up 0.3 MMbbl/d to 7.1 MMbbl/d. WTI opened last week with a large gap between the previous...