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U.S. crude stockpiles rise slightly, distillate inventories plunge: EIA

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

Crude inventories rose by 768,000 barrels in the week to Nov. 13 to 489.5 million barrels, compared with analyst expectations in a Reuters poll for a 1.7 million-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 1.2 million barrels in the last week, EIA said.

Refinery crude runs rose by 394,000 barrels per day in the last week, EIA said. Refinery utilization rates USOIRU=ECI rose by 2.9 percentage points in the week.

U.S. gasoline stocks rose by 2.6 million barrels in the week to 228 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for an 87,000-barrel rise.

Distillate stockpiles, which include diesel and heating oil, fell by 5.2 million barrels in the week to 144 million barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed.

Net U.S. crude imports fell last week by 228,000 barrels per day, EIA said.
Source: Reuters (Reporting By David Gaffen)

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