US crude inventories rise 4.7 million barrels as fuel stocks also build
Commercial crude stocks reached 414.4 million barrels in the week ended November 6. Gasoline and distillate inventories also increased.
US commercial crude oil inventories rose by 4.7 million barrels in the week ended November 6 to 414.4 million barrels, the Energy Information Administration reported Thursday. The total excludes the Strategic Petroleum Reserve and remained 4% below the five-year average for this time of year.
Gasoline inventories increased by 1.8 million barrels, while distillate stocks, which include diesel and heating oil, rose by 4.1 million barrels. Gasoline stocks were 1% above their five-year average; distillate stocks were still 8% below it.
Refineries processed 17.0 million barrels a day, up 322,000 barrels a day from the previous week, and operated at 95.2% of capacity. Crude imports increased by 325,000 barrels a day to 6.7 million barrels a day.
