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Oil production hit an unprecedented high in the week ending Nov. 1 at 13.50 million barrels per day.
It is important to note that the US Energy Information Administration also reported today that crude oil inventories in the United States decreased in the week ending November 29, while gasoline and distillate inventories rose.
She added that crude oil inventories fell by 5.1 million barrels to 423.4 million, compared with analysts’ expectations in a Reuters poll for a drop of 671,000 barrels.
The management explained that the shares Crude oil At the delivery center in Cushing, Oklahoma, 50 thousand barrels went up.
Crude consumption at refineries rose by 615,000 barrels per day in the week ending November 29.
Refinery operating rates rose 2.8 percent during the week to 93.3 percent.
Management said Gasoline stocks It rose 2.4 million barrels in the week to 214.6 million, compared with expectations for a rise of 600,000.
Administration data showed stockpiles of distillates, which include diesel and heating oil, rose 3.4 million barrels a week to 118.1 million barrels, compared with expectations for a gain of 900,000.
The administration said net U.S. crude imports rose by 1.64 million barrels per day last week.