U.S. crude, gasoline stockpiles fell last week – EIA
U.S. crude stocks fell last week, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.
Crude inventories fell by 2.1 million barrels in the last week, compared with analysts’ expectations for an decrease of 2.7 million barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.25 million barrels, EIA said.
Refinery crude runs fell by 442,000 barrels per day, EIA data showed. Refinery utilization rates fell by 2.2 percentage points.
Gasoline stocks fell by 1.7 million barrels, compared with analysts’ expectations in a Reuters poll for a 104,000-barrel drop.
Distillate stockpiles, which include diesel and heating oil, rose by 839,000 barrels, versus expectations for a 651,000-barrel increase, the EIA data showed.
Net U.S. crude imports fell last week by 106,000 barrels per day.