U.S. EIA crude oil inventories rose by 4.657 million barrels for the week

According to TechFlow on November 13, citing 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, up 1.14%; Strategic Petroleum Reserve (SPR) inventories decreased by 2.649 million barrels to 279.5 million barrels, down 0.94%.

For the week, U.S. crude oil exports fell 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, up 324,000 barrels per day from the previous week. U.S. domestic crude oil production rose by 10,000 barrels per day to 14.013 million barrels per day.

In addition, the four-week average supply of U.S. crude oil products was 20.790 million barrels per day, up 0.89% year over year.

Source: TechFlow