US crude inventories fall 8.5 million barrels last week

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — Crude oil inventories in the United States fell by 8.5 million barrels last week, ending July 26.

The US Energy Information Administration said in a statement on Wednesday that stocks (excluding those in the Strategic Petroleum Reserve) last week reached 436.5 million barrels.

The average crude oil input in the United States, 17 million barrels per day during the week, which is less than 43 thousand barrels per day than the average of the previous week, according to the statement.

Refineries in the United States, operating 93 percent of its operational capacity, last week.

US crude oil imports averaged 6.7 million bpd last week, down 365,000 bpd from the previous week.

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