EIA: US commercial crude oil inventories decreased by 5.4 mln barrels

Key highlights from the EIA's report's summary of weekly petroleum data for the week ending August 25, 2017:

  • U.S. commercial crude oil inventories decreased by 5.4 million barrels from the previous week. 
  • U.S. crude oil refinery inputs averaged over 17.7 million barrels per day during the week ending August 25, 2017, 264,000 barrels per day more than the previous week’s average. 
  • Refineries operated at 96.6% of their operable capacity last week. 
  • Gasoline production increased last week, averaging 10.6 million barrels per day. Distillate fuel production decreased last week, averaging about 5.1 million barrels per day.
  • U.S. crude oil imports averaged 7.9 million barrels per day last week, down by 885,000 barrels per day from the previous week.
  • Total products supplied over the last four-week period averaged over 21.2 million barrels per day, up by 3.4% from the same period last year

Brazil Nominal Budget Balance came in at -44.62B, above forecasts (-47.4B) in July

Brazil Nominal Budget Balance came in at -44.62B, above forecasts (-47.4B) in July
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WTI drops to lows near $45.80 on EIA

Crude oil prices are now accelerating the daily downside, pushing the barrel of West Texas Intermediate to the $45.80 region, or daily lows. WTI fade
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