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U.S. crude, fuel stocks fall in most recent week – EIA

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

Crude inventories fell by 215,000 barrels in the week to Sept. 23 to 430.6 million barrels, compared with analysts’ expectations in a Reuters poll for a 443,000-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 692,000 barrels in the last week, EIA said.

Refinery crude runs fell by 604,000 barrels per day in the last week, EIA said. Refinery utilization rates USOIRU=ECI fell by 3 percentage points in the week.

U.S. gasoline stocks fell by 2.4 million barrels in the week to 212.2 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 709,000-barrel rise.

Distillate stockpiles, which include diesel and heating oil, fell by 2.9 million barrels in the week to 114.4 million barrels, versus expectations for a 69,000-barrel drop, the EIA data showed.

Net U.S. crude imports fell by 1.6 million barrels per day, EIA said.

Oil prices added to earlier gains on the news. Brent crude LCOc1 was up $1.80, or 2.1%, to $88.07 a barrel as of 10:34 a.m. EST (1434 GMT). U.S. crude rose $2.32 to $80.82 a barrel, a 3% rise.
Source: Reuters (Reporting by David Gaffen; Editing by Lisa Shumaker)

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