Commodities Buzz: US Crude oil imports slide 4.8% on year in last four weeks says EIA

The Energy Information Administration or EIA stated in a latest weekly update that US crude oil imports averaged 6.4 million barrels per day last week, increased by 570 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 4.8% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 627 thousand barrels per day, and distillate fuel imports averaged 132 thousand barrels per day.

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