U.S. crude stocks rose last week, gasoline and distillate inventories fell: EIA

U.S. crude stocks rose unexpectedly last week, while gasoline and distillate inventories fell more than expected, as refining activity slowed, the Energy Information Administration said on Wednesday.

U.S. gasoline stocks, meanwhile, fell by 4.3 million barrels in the week to 227.8 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 800,000-barrel draw. Distillate stockpiles, which include diesel and heating oil, fell by 1.3 million barrels in the week to 116.1 million barrels, versus expectations for a roughly 600,000-barrel drop, the EIA data showed.

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