News Formal

U.S. Crude Stocks Fall, Gasoline and Distillate Inventories Rise

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 66%

Energy News

Crude Oil,Gasoline,Distillate

U.S. crude oil inventories decreased last week, while gasoline and distillate stockpiles increased, according to the Energy Information Administration (EIA).

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending Dec. 27, the Energy Information Administration (EIA) said on Thursday. Crude inventories fell by 1.2 million barrels to 415.6 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.8 million-barrel draw.Global Brent crude futures were trading at $76.21 a barrel, up $1.57 a barrel at 11:16 a.m. EST (1616 GMT), and U.S. West Texas Intermediate was at $73.

39 a barrel, up $1.67. Refinery crude runs rose by 41,000 barrels per day (bpd), and utilization rates rose by 0.2 percentage points in the week, according to the EIA. U.S. gasoline stocks rose by 7.7 million barrels in the week to 231.4 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 0.3 million-barrel build.Distillate stockpiles, which include diesel and heating oil, rose by 6.4 million barrels in the week to 122.9 million barrels, versus expectations for a 0.1 million-barrel drop, the EIA data showed

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 UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 fell last week, while gasoline and distillate inventories rose: EIAU.S. crude inventories fell by 1.4 million barrels to 422 million barrels in the week ending Dec. 6
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. Crude Inventories Drop, Exports Surge as Gasoline Stocks RiseU.S. crude oil inventories declined by 934,000 barrels in the week ending December 13th, driven by a surge in exports. Meanwhile, gasoline stocks increased, while distillate inventories also fell. The Energy Information Administration (EIA) reported these figures, noting a widening spread between Brent and U.S. West Texas Intermediate (WTI) futures, which encouraged more crude exports to higher-priced markets.
Source: globebusiness - 🏆 31. / 66 Read more »

U.S. crude stocks fell last week as exports jumped, EIA saysU.S. crude inventories fell by 934,000 barrels to 421 million barrels in the week ending Dec. 13
Source: globeandmail - 🏆 5. / 92 Read more »

Global, US stocks fall; oil, gold rise over 1% on geopolitical riskThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »