US crude exports rebound

Oil

US crude oil exports jumped by 1.67M b/d w-o-w and 2.09M b/d y-o-y to 5.03M b/d during the week ending 10 March, according to the latest weekly data from the US Energy Information Administration. Refinery throughputs increased by 430K b/d w-o-w to 15.40M b/d, a five-week high, with refineries operating at 88.2% of their operable capacity. Commercial crude oil inventories rose by 1.6M bbls w-o-w to 480.1M bbls.