The most recent report is available on this page. If you would like to view or download files from previous reports, they are available from the historical page.
With port weather improved, crude oil imports regained strength to average 9.2 million barrels per day (MMBD) over the week ending July 2, 1999. The increase was not sufficient to immediately boost total crude inventories however, and U.S. stock lost 4.2 million barrels (MMB) to settle at 326.2 MMB. Crude inputs were higher over all, at 15.1 MMBD. Activity in PADD V posted a 0.2 MMBD increase in input that was largely offset by a dip in activity in PADD III where economics and moved-up maintenance are affecting throughput.
Spot market prices moved steadily upward with the WTI-Cushing marker crude crossing the $19.00 mark on Wednesday. Domestic trading was shortened Friday ahead of the holiday weekend, but WTI ended the trading week at $19.70, up $1.53 over the week. Brent showed similar strong increases as traders reacted to news that OPEC was maintaining most of its promised restraints on sales.Crude Oil Supply and Price Tables
File last modified: 07/08/1999