Crude inventories decreased by 3.0 million barrels, for the week ending August 6, from the previous week to 355.0 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, 509 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 9.4 million barrels per day, down by 188 thousand barrels per day from the previous week.
Upcoming Releases
Treasury Budget (08/11 at 2:00 PM EST)
Initial Claims (08/12 at 8:30 AM EST)
CPI (08/13 at 8:30 AM EST)
Retail Sales (08/13 at 8:30 AM EST)

 
Zacks Investment Research