Wednesday, December 13, 2017

US Crude Stocks, Distillate Inventories Dip -EIA

Posted by October 12, 2017

U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Thursday.
 
Crude inventories fell by 2.7 million barrels in the week to Oct. 6, compared with analysts' expectations for an decrease of 2 million barrels.
 
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.3 million barrels, EIA said.
 
Refinery crude runs rose by 229,000 barrels per day, EIA data showed. Refinery utilization rates rose by 1.1 percentage points.
 
Gasoline stocks rose by 2.5 million barrels, compared with analysts' expectations in a Reuters poll for a 480,000-barrel drop.
 
Distillate stockpiles, which include diesel and heating oil, fell by 1.5 million barrels, versus expectations for a 2.2 million-barrel drop, the EIA data showed.
 
U.S. crude imports rose last week by 1.1 million barrels per day.


(Reporting By David Gaffen)

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