US weekly EIA crude oil inventories increased by 4.657 million barrels

On November 13 that, according to Jin10 data, the EIA report showed that for the week ended November 6, U.S. commercial crude oil inventories excluding strategic reserves increased by 4.657 million barrels to 414 million barrels, a 1.14% increase; strategic petroleum reserve (SPR) inventories decreased by 2.649 million barrels to 279.5 million barrels, a 0.94% decrease.

During the week, U.S. crude oil exports decreased by 220,000 barrels per day to 3.455 million barrels per day; commercial crude oil imports excluding strategic reserves were 6.698 million barrels per day, an increase of 324,000 barrels per day compared to the previous week. U.S. domestic crude oil production increased by 10,000 barrels to 14.013 million barrels per day.

Additionally, the U.S. four-week average crude product supply was 20.79 million barrels per day, up 0.89% year over year.