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

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

Crude inventories fell by 4.2 million barrels to 454.7 million barrels in the week ending May 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel draw.Brent and U.S. oil futures extended losses after the report, trading down 0.5 per cent on the day Refinery crude runs rose by 601,000 barrels per day, the EIA said.U.S. gasoline stocks rose by 2 million barrels in the week to 228.

Distillate stockpiles, which include diesel and heating oil, rose by 2.5 million barrels in the week to 119.3 million barrels, versus expectations for a 0.1 million-barrel drop, the EIA data showed. U.S. gasoline futures were down 0.9 per cent, dropping to the lowest point since February, after the report showed a surprise build.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. crude, distillate inventories rose last week, while gasoline stocks fell: EIAU.S. crude inventories rose by 1.8 million barrels to 458.8 million barrels in the week ending May 17, the EIA said
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. crude stocks, gasoline and distillate inventories fell last week, EIA saysU.S. crude inventories fell by 2.5 million barrels to 457 million barrels in the week
Source: globeandmail - 🏆 5. / 92 Read more »

US crude stocks, gasoline and distillate inventories fall, EIA saysExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »