US commercial crude oil inventories decreased by 2.7% during the week ending June 13, according to data released by the Energy Information Administration (EIA) late Wednesday.
Inventories fell by around 11.5 million barrels to 420.9 million barrels, a larger draw than the market prediction of a 2.3 million barrels decline.
Strategic petroleum reserves, which are excluded from commercial crude stocks, increased by 200,000 barrels, reaching 402.3 million barrels, the data revealed.
Over the same period, gasoline inventories rose by around 200,000 barrels to 230 million barrels.
- Crude production increases
EIA data showed that US crude oil production rose by 3,000 barrels per day (bpd) to about 13.43 million bpd during the week ending June 13.
US crude oil imports decreased by 672,000 bpd to approximately 5.5 million bpd, while exports up by 1.07 million bpd to around 4.36 million bpd over the same period.
In the Short-Term Energy Outlook (STEO) released on June 10, the EIA projected that crude oil output in the country would average 13.4 million bpd in 2025.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr