U.S. crude stocks and gasoline inventories rose while distillate inventories fell, the Energy Information Administration said on Wednesday.
Crude inventories rose by 1.4 million barrels in the last week to 421.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 0.2 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 213,000 barrels in the last week, EIA said.Refinery utilization rates fell by 0.5 percentage points in the week U.S. gasoline stocks rose by about 160,000 barrels in the week to 223.5 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 900,000-barrel drop.
Distillate stockpiles, which include diesel and heating oil, fell by 1.7 million barrels in the week to 112.1 million barrels, versus expectations for a 1.2 million-barrel drop, the EIA data showed.