U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.
Crude inventories fell by 6.1 million barrels in the last week to 433.5 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.8 million-barrel drop. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 3.1 million barrels in the last week, EIA said.Refinery utilization rates fell by 0.2 percentage points in the week U.S. gasoline stocks rose by 1.5 million barrels in the week to 217.6 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 0.9 million-barrel drop.
Distillate stockpiles, which include diesel and heating oil, rose by 0.9 million barrels in the week to 116.7 million barrels, versus expectations for a 0.2 million-barrel rise, the EIA data showed.