Aug. 22–U.S. crude oil inventories fell by nearly 6 million barrels as imports dropped sharply for the week ending Aug. 17.
Crude oil inventories dropped to 408.4 million barrels, at the five year average for this time of year, as imports fell by 1.5 million barrels a day from the previous week, according to the Department of Energy.
U.S. oil refinery inputs fell slightly by 89,000 barrels a day but remained high, with refiner consuming 17.9 million barrels a day of crude oil and running at 98.1 percent of capacity.
Motor gasoline inventories increased by 1.2 million barrels and are six percent above the five year average for this time of year.
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