EIA: Commercial crude oil inventories decreased by 1.4 million barrels from previous week

Below are the key takeaways from the weekly report published by the U.S. Energy Information Administration.

• U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending August 3, 2018, which was 118,000 barrels per day more than the previous week’s average.
• U.S. crude oil imports averaged 7.9 million barrels per day last week, up by 182,000 barrels per day from the previous week. 
• U.S. commercial crude oil inventories decreased by 1.4 million barrels from the previous week.
• Total products supplied over the last four-week period averaged 21.1 million barrels per day, down by 0.6% from the same period last year.