Saturday, December 15, 2018

U.S. Crude Stocks Rise, Gasoline Stocks Fall - EIA

Posted by March 7, 2018

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U.S. crude stocks rose last week as imports edged higher, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.

Crude inventories rose by 2.4 million barrels in the last week, compared with analysts' expectations for an increase of 2.7 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 605,000 barrels, EIA said.

Refinery crude runs rose by 53,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.2 percentage points.

Gasoline stocks fell by 788,000 barrels, compared with analysts' expectations in a Reuters poll for a 1.2 million barrels drop.

Distillate stockpiles, which include diesel and heating oil, fell by 559,000 barrels, versus expectations for a 1.2 million barrels drop, the EIA data showed.

Net U.S. crude imports rose last week by 668,000 barrels per day.
 
Reporting by Devika Krishna Kumar in New York

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