U.S. Crude Exports Hit an All-Time High

(Bloomberg) -- U.S. exporters seem to have made the most of last month’s favorable WTI-Brent. shipping out the largest volume of U.S. crude in decades.

U.S. weekly crude exports hit a new high, with total crude and products exports also at a high, and the U.S. a net petroleum exporter by 676,000 barrels last week. This is about as bullish as one could wish for.

While crude oil exports are up, imports are down. As a result, net oil and product exports are negative for the second time this year, as product exports exceed net crude imports.

For more on EIA Crude Oil Inventory Report, click here for our TOPLive blog.

To contact the reporters on this story: Mike Jeffers in Houston at mjeffers2@bloomberg.net;Sheela Tobben in New York at vtobben@bloomberg.net;Anastacia Dialynas in New York at adialynas8@bloomberg.net

To contact the editor responsible for this story: Morwenna Coniam at mconiam@bloomberg.net

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