Storage in the SPR rose by 606,000 barrels to 355 million barrels, the EIA said. U.S. crude oil production was stable at 13.2 million barrels a day, the EIA said. Imports of crude oil fell by 654,000 barrels a day to 6.2 million barrels a day, and exports were down by 2 million barrels a day at 3.3 million barrels a day. Gasoline stockpiles rose by 8 million barrels to 245 million barrels against expectations of a 2.1 million-barrel increase. Distillate stocks, mostly diesel fuel, rose by 6.5 million barrels to 132.4 million barrels and were about 4% below the five-year average, according to the EIA.

Source: Wall Street Journal January 10, 2024 23:24 UTC