US crude, fuel inventories fall in latest week – EIA

U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
Crude inventories fell by 4.5 million barrels in the week ending Oct. 13 to 419.7 million barrels, compared with analysts’ expectations in a Reuters poll for a 0.3 million-barrel drop.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 758,000 barrels in the last week, EIA said.
Refinery crude runs rose by 193,000 barrels per day in the last week, EIA said.
Refinery utilization rates rose by 0.4 percentage points in the week.
U.S. gasoline stocks fell by 2.4 million barrels in the week to 223.3 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel drop.
Distillate stockpiles, which include diesel and heating oil, fell by 3.2 million barrels in the week to 113.8 million barrels, versus expectations for a 1.4 million-barrel drop, the EIA data showed.
Net U.S. crude imports fell by 2.62 million barrels per day, EIA said.
Source: Reuters (Reporting by Laura Sanicola)