Baku, Azerbaijan, Nov.17
By Leman Zeynalova – Trend:
The West Texas Intermediate (WTI) oil price was $43.39 per barrel during the week ending Nov.11, or $0.68 below last week’s price, but $2.70 above a year ago, the US Energy Information Administration (EIA) said in its Weekly Petroleum Status Report.
US crude oil imports averaged over 8.4 million barrels per day last week, up by 981,000 barrels per day from the previous week, said the report.
Over the last four weeks, crude oil imports by the country averaged about 8 million barrels per day, 12.6 percent above the same four-week period last year, according to the EIA estimates.
This is while total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 821,000 barrels per day in the US, said the report.
EIA said that distillate fuel imports averaged 169,000 barrels per day last week, while the US gasoline production decreased last week, averaging about 10.2 million barrels per day.