FX.co ★ U.S. Refinery Utilization Rebounds Week-on-Week, EIA Data Show

U.S. refinery utilization staged a notable week-on-week rebound, according to the latest data from the U.S. Energy Information Administration (EIA) updated on 4 November 2026. The current indicator shows a 1.7% increase compared with the previous week, reversing the prior period’s 0.6% decline.

The figures, measured on a week-over-week basis, indicate that refinery activity has strengthened after a brief soft patch. The “previous” reading of -0.6% reflected a slowdown in utilization versus the week before, while the “actual” 1.7% gain highlights renewed momentum in refinery operations over the latest reporting week.

For energy markets and downstream sectors, the shift from contraction to growth in refinery utilization suggests a short-term recovery in processing volumes, with potential implications for refined product supply, inventory dynamics, and near-term price behavior in the U.S. fuels market.