The USA Energy Information Administration (EIA) announced that commercial crude oil inventories in the country decreased by 3 million 600 thousand barrels (0.8%) last week to approximately 420 million barrels. The market expectation was that inventories would decrease by 3 million 233 thousand barrels.
Strategic crude oil stocks, which are not included in commercial crude oil stocks, decreased by 1 million 400 thousand barrels (0.2 percent) to 595 million barrels. The crude oil imports of the USA increased by an average of 565 thousand barrels per day compared to the previous week and reached 6 million 759 thousand barrels, while its exports increased by an average of 50 thousand barrels per day to 2 million 929 thousand barrels. The country's daily crude oil production, on the other hand, increased by 195 thousand barrels in the week of 18-24 December and amounted to approximately 12 million 249 thousand barrels. According to EIA's November 2021 Short Term Energy Outlook Report, the average daily crude oil production of the USA is 11 million 130 thousand barrels this year, It is expected to be 11 million 900 thousand barrels next year.
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