US crude stocks fall, gasoline and distillate inventories rise, EIA

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

Crude inventories fell by 1.8 million barrels to 428.4 million barrels in the week ended Nov. 22, the EIA said, compared with analysts’ expectations in a Reuters poll for a 605,000-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 909,000 barrels.

Refinery crude runs rose by 67,000 barrels per day.

Refinery utilization rates rose by 0.3 percentage point in the week to 90.5%.

U.S. gasoline stocks rose by 3.3 million barrels in the week to 212.2 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 46,000-barrel draw.​

Distillate stockpiles, which include diesel and heating oil, rose by 400,000 barrels in the week to 114.7 million barrels, versus expectations for a 100,000-barrel rise, the EIA data showed.

Net U.S. crude imports fell by 1.89 million barrels per day, EIA said.
Source: Reuters (Reporting by Georgina McCartney in Houston)