Yesterday, on May 1st, the EIA published another weekly report on U.S. crude oil stocks. In particular, within the trading week that ended on April 26th, U.S. crude oil stocks boosted by 6,69 million barrels up to 395,3 million barrels.
At the same time, gasoline stocks were down by 1,82 million barrels while distillate stocks, including diesel fuel, increased by 0,475 million barrels. A week before, U.S. crude stocks were some 0,947 million barrels bigger.
According to the EIA report, the average daily import of crude oil reached some 8,2 million barrels a day, which is an increase by 0,602 million b/d (w/w).
This report is expected to be taken into account by the global market of crude oil. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of crude oil:
