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EIA: US crude inventories fell sharply as refineries ramped up run ratesEIA: US crude inventories fell sharply as refineries ramped up run rates |
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The Energy Information Administration reported a drop of 5.4 million barrels in the US commercial crude inventories last week as refineries ramp up operating rates to meet the winter demand.
The Administration said that refineries in the country operated at 92.9%, up from 92.1% the week before.
Gasoline stocks rose 2.2 million barrels while diesel and heating oil rose 1.1 million barrels. However, analysts said that refined products are still below the average, which means supply is still tight.
