Crude Stocks Jump, Gasoline, Diesel Fall on Harvey Impact
Crude inventories rose by 5.9 million barrels in the week to Sept. 8, compared with analysts' expectations for an increase of 3.2 million barrels.
Refinery crude runs fell by 394,000 barrels per day, EIA data showed. Refinery utilization rates fell by 2 percentage points.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1 million barrels, EIA said.
Gasoline stocks fell by 8.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel drop.
Distillate stockpiles, which include diesel and heating oil, fell by 3.2 million barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed.
U.S. crude imports fell last week by 1.2 million barrels per day.