News Formal

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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 48 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 60%
  • Publisher: 92%

Energy News

Week,Cent,Barrel

U.S. crude inventories fell by 6.9 million barrels to 418.3 million barrels in the week, the EIA said

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

Crude inventories fell by 6.9 million barrels to 418.3 million barrels in the week ending Aug. 30, the EIA said, compared with analysts’ expectations in a Reuters poll for a 993,000-barrel draw. U.S. crude oil futures and Brent crude futures extended gains following the report, rising 2 per cent and 1.6 per cent respectively.

Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. futures fell by 1.1 million barrels, the EIA said. Refinery crude runs rose by 36,000 barrels per day in the week, while refinery utilization rates were unchanged at 93.3 per cent of total capacity Gasoline stocks rose by 800,000 barrels in the week to 219.2 million barrels, the EIA said, compared with expectations for a 700,000-barrel draw.Distillate stockpiles, which include diesel and heating oil, fell by 400,000 barrels in the week to 122.7 million barrels, versus expectations for a 500,000-barrel rise, the EIA data showed.Net U.S.

 

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:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 3.7 million barrels to 429.3 million barrels in the week ended August 2
Source: globebusiness - 🏆 31. / 66 Read more »

U.S. crude inventories rose last week, while fuel stocks declined: EIAU.S. crude inventories rose by 1.36 million barrels to 430.7 million barrels last week, the EIA said
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. crude stocks, fuel inventories post unexpectedly large decline: EIAU.S. crude inventories fell by 4.6 million barrels to 426 million barrels in the week ended August 16
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. crude and gasoline stocks fell last week, while distillates rose: EIAU.S. crude inventories fell by 846,000 barrels to 425.2 million barrels in the week ended Aug. 23
Source: globeandmail - 🏆 5. / 92 Read more »