2 Min Read
NEW YORK (Reuters) - U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
Crude inventories fell by 3.6 million barrels in the last week to 420 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.1 million-barrel drop.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.1 million barrels in the last week, the EIA said.
Refinery crude runs fell by 115,000 barrels per day, while refinery utilization rates rose by 0.1 percentage points, it said.
U.S. gasoline stocks fell by 1.5 million barrels in the week to 222.66 million barrels, compared with analysts’ expectations in a Reuters poll for a 0.5 million-barrel rise.
Distillate stockpiles, which include diesel and heating oil, fell by 1.7 million barrels in the week to 122.43 million barrels, versus expectations for a 0.2 million-barrel rise, the EIA data showed.
Net U.S. crude imports rose last week by 515,000 barrels per day, the EIA said.
Reporting by Stephanie Kelly; editing by Barbara Lewis
