FX.co ★ U.S. EIA Refinery Crude Runs Decrease Significantly by 0.188M Barrels

The latest data from the U.S. Energy Information Administration (EIA) shows a significant decrease in refinery crude runs in the United States. The current indicator has dropped by 0.188 million barrels compared to the previous week, with a decrease of 0.230 million barrels reported. This decline follows a smaller drop of 0.042 million barrels in the previous week.

The data, updated on 01 May 2024, indicates a notable shift in refinery operations. The comparison period, conducted on a Week-over-Week basis, highlights the changes in crude oil processing from one week to the next. This decrease in refinery crude runs could have implications for oil markets and prices, as it reflects shifts in demand for refined petroleum products in the U.S. Stay tuned for further updates on how this trend may impact the energy sector and the overall economy.