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U.S. crude, fuel stockpiles rise in most recent week – EIA

U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.

Crude inventories rose by 1.1 million barrels in the week to Sept. 16 to 430.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.2 million-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 343,000 barrels in the last week, EIA said.

Refinery crude runs rose by 333,000 barrels per day in the last week, EIA said.

Refinery utilization rates rose by 2.1 percentage points in the week.

U.S. gasoline stocks rose by 1.6 million barrels in the week to 214.6 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 431,000-barrel drop.

Distillate stockpiles, which include diesel and heating oil, rose by 1.2 million barrels in the week to 117.3 million barrels, versus expectations for a 420,000-barrel rise, the EIA data showed.

Net U.S. crude imports rose by 1.13 million barrels per day, EIA said.
Source: Reuters (Reporting By David Gaffen)

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