CAPITALSTARS MCX COMMODITY CRUDE OIL NEWS UPDATE : 26 SEPTEMBER 2019
Energy Preview: US Crude Inventories Rise For Second Week
The Energy Information
Administration (EIA) reported that US crude stocks rose for a second week in a
row, by 2.4 million barrels for the week ended September 20th, 2019. The net U.S.
crude imports fell last week by 480,000 barrels per day. US crude oil
production increased slightly. According to the EIA, U.S. crude oil production
averaged 12.5 million barrels per day (b/d) last week, up by 100,000 b/d from
the previous week and up by about 1.4 million b/d year on year. This was the
first week that the US crude oil production increased after remaining level for
two consecutive weeks. Gasoline stocks rose by 519,000 barrels while Distillate
stockpiles, which include diesel and heating oil, fell by 3 million barrels.
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