Crude oil stockpiles in the United States jumped by 5.8 million barrels to stand at 457.3 million barrels in the week ending April 5, the US Energy Information Administration shared in its report on Wednesday.
The crude oil refinery inputs in the country averaged 15.8 million barrels per day, decreasing 115,000 barrels per day from the average recorded in the week prior. Refineries operated at 88.3% of their capacity, while gasoline production fell to an average of 9.4 million barrels per day.
Imports of crude oil into the US averaged 6.4 million barrels per day, 183,000 barrels per day less in comparison to the previous week. Total commercial petroleum inventories surged by 12.4 million barrels.