EIA: Commercial crude oil inventories decreased by 5.3 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 17.9 million barrels per day during the week ending September 7, 2018.
• Gasoline production increased last week, averaging 10.4 million barrels per day. 
• U.S. crude oil imports averaged 7.6 million barrels per day last week, down by 123,000 barrels per day from the previous week. 
• U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.3 million barrels from the previous week.
• Total products supplied over the last four-week period averaged 21.5 million barrels per day, up by 5.1% from the same period last year.