EIA: U.S. Weekly Natural Gas Inventories Fall 6.2 Million Barrels

By Pierre Bertrand | November 23 2011 1:36 PM

Crude oil inventories decreased by 6.2 million barrels for the week ending Nov. 18. when compared to last week, according the U.S. Energy Information Administration's weekly report.

Reuters

Crude oil inventories decreased by 6.2 million barrels for the week ending Nov. 18. when compared to last week, according the U.S. Energy Information Administration's weekly report.

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Totalling 330.8 million barrels of oil, inventories remain at the upper end of the country's five-year average for this time of year.

Oil refining for the past week averaged rougly 14.8 million barrels per day. That number is 117,000 barrels of oil per day above the previous week's average, read the administration's report. Refineries operated at 85 percent of their operating capacity.

Oil imports, according to the report, fell by 246,000 barrels per day from last week. Totaling 8.3 million barrels per day, imports for the past week are below the four-week average.

Gasoline inventories were higher as of Nov. 18 when compared to the previous week, increasing by 4.5 million barrels.

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