FX.co ★ U.S. Refinery Crude Processing Takes a Dip: EIA Reports Negative Shift in Weekly Figures

The U.S. Energy Information Administration (EIA) has released the latest figures on refinery crude runs, revealing a notable decline. For the week ending June 12, 2024, refinery crude runs have plunged from the previous week's 0.061 million barrels to a concerning -0.097 million barrels.

This stark week-over-week comparison shows a steep drop in refinery crude processing, reversing the trend from the previous period. The last update saw a modest increase, tallying an additional 0.061 million barrels, compared to the significant reduction recorded this week.

Analysts are watching the situation closely, as this sudden downturn could signal larger issues within the industry's supply chain and operational capabilities. The EIA's report underscores the volatility in the energy sector and stresses the importance of monitoring these trends moving forward.