U.S. crude inventories post surprise draw, fuel stocks rise: EIA

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

Crude inventories fell by 3.8 million barrels in the last week to 463.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 0.3 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 98,000 barrels in the week to June 16, EIA said.Refinery utilization rates fell by 0.6 percentage points in the week.

U.S. gasoline stocks rose by 0.5 million barrels in the week to 221.4 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 0.1 million-barrel rise. Distillate stockpiles, which include diesel and heating oil, rose by 0.4 million barrels in the week to 114.3 million barrels, versus expectations for a 0.7 million-barrel rise, the EIA data showed.

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