Crude Oil Supplies Expand 0.8%

U.S. crude oil supplies increased 2.6 million barrels (0.8%) for the week ending Sept. 20, according to an Energy Information Administration report (link opens a PDF) released today.

After dropping off 1.2% the previous week, this report marks the first inventories expansion since the week ending Aug. 23. This latest increase stems from both a 500,000-barrel- per-day (bbpd) decrease in refinery inputs, as well as a 346,000 bbpd increase in imports. Overall inventories have fallen 1.9% in the past 12 months.


Gasoline inventories also expanded, adding on 0.2 million barrels (0.1%) after dropping off 0.7 million barrels the week before. Compared with a year ago, supplies are up 10.4%.

Over the past week, average retail gasoline pump prices fell $0.052.


Distillates supplies, which include diesel and heating oil, fell 0.2 million barrels (0.2%) for the second straight week of supply draws. Distillates demand for the last four weeks is up a seasonally adjusted 7.8% over the same period last year, and supplies remain "near the lower limit of the average range," according to the EIA. In the past year, distillates inventories have increased 2.5%.



The article Crude Oil Supplies Expand 0.8% originally appeared on

Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.