US commercial crude oil inventories fell by 0.1% in the week ending Sept. 19, according to data from the Energy Information Administration (EIA) released late Wednesday.
Stocks dropped by 600,000 barrels to 414.8 million, defying market expectations of an 800,000-barrel increase.
Strategic petroleum reserves, which are excluded from commercial inventories, rose by 200,000 barrels to 406 million.
Gasoline inventories also decreased by 1.1 million barrels to 216.6 million.
- Crude production remains above annual forecast
EIA data showed that US crude oil production increased by 19,000 barrels per day (bpd) to around 13.50 million bpd during the same week.
Crude oil imports increased by 803,000 bpd to about 6.49 million bpd, while exports dropped by 793,000 bpd to approximately 4.48 million bpd.
In its Short-Term Energy Outlook (STEO) released on Sept. 10, the EIA projected that US crude oil output would average 13.44 million bpd in 2025.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr
