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Specific data shows that U.S. crude oil inventories decreased by 10,000 barrels in the week of March 2018, and were expected to increase by 10,000 barrels. The previous value was an increase of 10,000 barrels. Gasoline inventories increased by 10,000 barrels, and were expected to decrease by 10,000 barrels. The previous value decreased by 10,000 barrels. Refined oil inventories increased by 10,000 barrels, and were expected to decrease by 10,000 barrels. The previous value was a decrease of 10,000 barrels.
The data also shows that crude oil inventories in the Cushing, Oklahoma, area of the United States increased by 10,000 barrels in the week of January 1, and are expected to decrease by 10,000 barrels. The previous value decreased by 10,000 barrels. Refinery equipment utilization rate is expected to be ,The former value.
After the data was released, U.S. crude oil futures rose by more than 10%, reaching a daily high of US$/barrel. Brent crude oil rose in the short term and was quoted at USD/barrel.
In addition, the four-week average supply of U.S. crude oil products was 10,000 barrels/day, an increase from the same period last year. Commercial crude oil inventories excluding strategic reserves imported 10,000 barrels/day last week, a decrease of 10,000 barrels/day from the previous week. U.S. crude oil production fell by 10,000 barrels last week to 10,000 barrels per day. Commercial crude oil inventories excluding strategic reserves fell from 10,000 barrels to 100 million barrels last week, a decrease of 10,000 barrels.
The extended demand data for crude oil production in the United States for the week of March and Day is 10,000 barrels/day, and the previous value is 10,000 barrels/day. The extended demand data for total automotive gasoline production is 10,000 barrels/day, and the previous value is 10,000 barrels. The extended demand data for distillate fuel oil production per day is 10,000 barrels per day, while the previous value was 10,000 barrels per day.
Financial blog r commented that after the crude oil inventory announced earlier recorded the largest decline this year, the official crude oil inventory of the U.S. Department of Energy once again confirmed the decline in U.S. crude oil inventories last week and recorded The largest drop recorded since the first week of the month. Although gasoline refined oil has increased and Cushing crude oil has risen to the storage limit of 10,000 barrels, the market is more willing to interpret the impact of reduced crude oil inventories and lower U.S. production. Oil prices Therefore, it received strong support and expanded the day's gains.
Data released earlier by the American Petroleum Institute showed that in the week as of March 31, U.S. crude oil inventories decreased by 10,000 barrels, and were expected to increase by 10,000 barrels. The previous value increased by 10,000 barrels. Gasoline inventories decreased by 10,000 barrels, and were expected to decrease by 10,000 barrels. , the previous value decreased by 10,000 barrels, and refined oil inventories increased by 10,000 barrels. It is expected to decrease by 10,000 barrels, and the previous value decreased by 10,000 barrels. In addition, U.S. Cushing crude oil inventories increased by 10,000 barrels in the week of January 2018, compared with the previous value and expectations for a decrease of 10,000 barrels.
Crude oil inventory data is released regularly every week by the Energy Information Administration, a subsidiary of the U.S. Department of Energy, tracking the increase or decrease in the number of barrels of commercial crude oil stored by U.S. companies in the previous week. The level of inventories affects the price of petroleum products and has an impact on inflation and other economic forces, so the data is widely watched.