U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday.
Crude inventories rose by 10.2 million barrels in the last week to 424.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 500,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 319,000 barrels in the week ended Oct. 6, EIA said.Refinery utilization rates fell by 1.6 percentage points in the week.
U.S. gasoline stocks fell by 1.3 million barrels in the week to 225.7 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for an 800,000-barrel drop. Distillate stockpiles, which include diesel and heating oil, fell by 1.8 million barrels in the week to 117 million barrels, versus expectations for an 800,000-barrel drop, the EIA data showed.