EIA: US crude inventories fell for the third straight week

The Energy Information Agency on Wednesday, 26 August 2021 released report on the US crude inventories last week, which showed a drop of 3 million barrels to 432.6 million barrels – the lowest level since January 2020.

Refinery utilization rate increased by 0.2 percentage point to 92.4%.

US gasoline stocks fell 2.2 million barrels to 225.92 million barrels, signalling the resilient demand conditions.

Net crude imports to the US rose 426,000 barrels per day during the week.