FXStreet summary of the most important data of the U.S. Department of energy, EIA for the week to 12. May 2017:
The processing of American crude oil was in the week ending 05. May at an average of 17.1 million barrels. That’s the equivalent of 368.000 barrels more per day than the previous week.
The US’s Oil imports were on average 8.6 million barrels per day in the last week. This represents an increase of 970.000 barrels per day in the previous week.
The US crude oil inventories (excluding the strategic Petroleum reserve) fell compared to the previous week by 1.8 million barrels on 520,8 million barrels. Thus, stocks are still at the top of the border area for the current year.
** FXStreet News Editorial, FXStreet**