News Formal

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

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 43 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 66%

Energy News

Barrel,Week,Barrels

U.S. crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1

U.S. crude oil, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.

Crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel rise.U.S. oil prices were up following the report. Brent crude futures were trading around $75.66 a barrel, up 13 cents by 10:45 a.m. EST . West Texas Intermediate crude rose about 40 cents to $72.37 a barrel.Refinery utilization rates rose by 1.4 per cent percentage points to 90.

Gasoline stocks rose by 412,000 barrels in the week to 211.3 million barrels, the EIA said, compared with analysts’ expectations for a 878,000-barrel draw. Distillate stockpiles, which include diesel and heating oil, rose by 2.9 million barrels in the week to 115.8 million barrels, versus expectations for a 1.1 million-barrel drop, the EIA data showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in MY

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 stocks, fuel inventories fell last week: EIAU.S. crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11
Source: globebusiness - 🏆 31. / 66 Read more »