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U.S. crude oil inventories decrease last week

Xinhua,February 23, 2018 Adjust font size:

HOUSTON, Feb. 22 (Xinhua) -- U.S. crude oil inventories decreased last week, and refineries operated at 88.8 percent of their operable capacity, or 635,000 barrels per day less than the previous week's average, according to a report released by the U.S. Energy Information Administration (EIA) on Thursday.

The Weekly Petroleum Status Report by the EIA said U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 1.6 million barrels last week from the previous week.

At 420.5 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of the year.

Total products supplied over the last four-week period averaged 20.6 million barrels per day, up by 4.3 percent from the same period last year.

Over the last four weeks, motor gasoline product supplied averaged 9.1 million barrels per day, up by 5.4 percent from the same period last year. Enditem