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US commercial crude oil stocks increased by 2.6 million barrels

The commercial crude oil stocks of the USA increased by about 2 million 600 thousand barrels last week compared to the previous week.

The US Energy Information Administration (EIA) announced that commercial crude oil stocks in the country increased by approximately 2 million 600 thousand barrels last week to 439 million 900 thousand barrels. The market expectation was that inventories would increase by 200,000 barrels.

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Strategic crude oil stocks, which are not included in commercial crude oil stocks, decreased by 3 million 400 thousand barrels to 401 million 700 thousand barrels. In the said period, the gasoline stocks of the USA decreased by 1 million 500 thousand barrels and became 207 million 900 thousand barrels.

Oil production increased

The crude oil imports of the USA reached 6 million 180 thousand barrels with an average increase of 273 thousand barrels per day compared to the previous week, and its exports reached 5 million 129 thousand barrels with an average increase of 991 thousand barrels per day.

The country’s daily crude oil production increased by 23 thousand barrels in the week of October 15-21 and reached 12 million 431 thousand barrels.

According to the “October 2022 Short Term Energy Outlook Report” of the EIA, the average daily crude oil production of the USA is expected to be 11 million 750 thousand barrels in 2022 and 12 million 360 thousand barrels next year.

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