Crude inventories fall, but less than API signal

Last week, U.

S. crude oil refinery inputs averaged 15.

8 million barrels per day, an increase of 87k bl/day from the previous week.

Refineries operated at 87% of their total operable capacity during the period.

Gasoline production declined, averaging 9.

2 million barrels per day (m bl/d), while distillate (diesel) production also edged lower to 4.

5 m.