Crude inventories increased by 2.4 million barrels, for the week ending May 21, from the previous week to 365.1 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.1 million barrels per day during this period, 107 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 9.9 million barrels per day, up 99 thousand barrels per day from the previous week.
Upcoming Releases
Initial Claims (05/27 at 8:30 AM EST)
GDP-Q1 Preliminary (05/27 at 8:30 AM EST)
Personal Consumption Expenditures (05/28 at 8:30 AM EST)
ISM Manufacturing Index (06/01 at 10:00 AM EST)
GDP-Q1 Preliminary (05/27 at 8:30 AM EST)
Personal Consumption Expenditures (05/28 at 8:30 AM EST)
ISM Manufacturing Index (06/01 at 10:00 AM EST)
