US: EIA Crude Oil Stocks Change at +2 million in week ending September 4
Crude Oil Stocks Change in the US was +2 million barrels in the week ending September 4th, the weekly report published by the US Energy Information Administration (EIA) revealed on Thursday. Analysts estimate was for a draw of 1.3 million barrels.
Market reaction
Crude oil's reaction to this report was largely muted. As of writing, the barrel of West Texas Intermediate was down 0.2% on the day at $37.67.
Additional takeaways
"US crude oil refinery inputs averaged 12.8 million barrels per day during the week ending September 4, 2020, which was 1.1 million barrels per day less than the previous week’s average."
"US crude oil imports averaged 5.4 million barrels per day last week, increased by 0.5 million barrels per day from the previous week."
"Total products supplied over the last four-week period averaged 18.1 million barrels a day, down by 16.0% from the same period last year."
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-