The latest report of the US Energy Information Administration (EIA) showed that the country’s crude oil inventories in the week ending on November 15 increased by 1.38 million barrels to 450, 38 million barrels. That’s lower than the 1.6 million barrel increase forecasted by analysts surveyed by S&P Global Platts and 1.5 million barrels forecasted by survey participants. by Reuters .

In particular, crude oil inventories at the port of Cushing oil (Oklahoma state) - the main source of light sweet crude oil (WTI) for crude oil trading contracts on the New York Trading Exchange (NYMEX) have decreased by 2 , 3 million cases.

US crude inventories increased as oil refineries in the country returned to normal operation after routine maintenance. The amount of crude oil used by refineries has increased by 519,000 bpd and the refining capacity has increased by 1.7%.

According to EIA, the US gasoline reserves have also increased by 1.8 million barrels, much higher than the forecast increase of 870,000 barrels of experts participating in surveys of Reuters firm. Meanwhile, the stockpile of other distillate products from crude oil including US di‌esel and heating oil has decreased by 1 million barrels, higher than the forecast of the reduction of 732,000 barrels given earlier.

For the week ending on November 15, the net import of US crude oil decreased by 172,000 bpd from the previous week.