US Crude Oil Stocks Increased

US crude oil stocks are increased. The country's commercial crude oil stocks rose by 4 million 400 thousand barrels last week compared to the previous week.

According to the latest data announced, US crude oil stocks have increased. According to the data announced by the US Energy Information Administration, it was stated that commercial crude oil stocks increased by 0.9 percent compared to the previous week and rose by 4 million 400 thousand barrels. However, the total number of barrels reached 486 million 600 thousand. The market expectation was that the stocks would decrease by approximately 300 thousand barrels. Strategic crude oil stocks, which are not included in the commercial crude oil stocks, remained unchanged at the level of 638 million 100 thousand barrels. During this period, the gasoline stocks of the USA decreased by 0.1 percent, declining by 300 thousand barrels and recorded as 245 million 200 thousand barrels. The crude oil imports of the USA decreased by an average of 194 thousand barrels per day compared to the previous week and reached approximately 6 million 45 thousand barrels. Oil exports, on the other hand, decreased by an average of 760 thousand barrels per day to 2 million 251 thousand barrels. The daily crude oil production of the USA decreased by 5 thousand barrels in the week of January 9-15 and decreased to 11 million 506 thousand barrels. In the January 2021 Short Term Energy Outlook Report announced by the US Energy Information Administration, it was stated that the average daily crude oil production of the country is expected to be 11.1 million barrels this year and 11.5 million barrels next year.