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

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U.S. crude inventories fell by 2.1 million barrels in week ending Sept. 15 to 418.5 million barrels

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

Crude inventories fell by 2.1 million barrels in week ending Sept. 15 to 418.5 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.2 million-barrel drop. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.1 million barrels in the last week, EIA said.Refinery utilization rates fell by 1.8 percentage points in the week U.S. gasoline stocks fell by 0.8 million barrels in the week to 219.5 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 0.3 million-barrel rise.

Distillate stockpiles, which include diesel and heating oil, fell by 2.9 million barrels in the week to 119.7 million barrels, versus expectations for a 0.2 million-barrel rise, the EIA data showed.

 

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