EIA: U.S. commercial crude oil inventories decreased by 1.7 mln barrels

Key highlights from the EIA's report's summary of weekly petroleum data for the week ending June 9, 2017:

• U.S. crude oil refinery inputs averaged about 17.3 million barrels per day during the week ending June 9, 2017, 29,000 barrels per day more than the previous week’s average.
• Refineries operated at 94.4% of their operable capacity last week.
• U.S. crude oil imports averaged over 8.0 million barrels per day last week, down by 316,000 barrels per day from the previous week.
• U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week.
• At 511.5 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.