New York — U.S. crude stocks fell last week as imports dropped, while gasoline and distillate inventories decreased, the Energy Information Administration said on Wednesday.
Crude inventories fell by 1.4 million barrels in the last week, compared with analysts’ expectations for an increase of 1.7 million barrels.
Net U.S. crude imports fell last week by 659,000 barrels per day.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.54 million barrels, EIA said.
Refinery crude runs fell by 22,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.2 percentage points.
Gasoline stocks fell by 1.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.1 million barrels drop.
Distillate stockpiles, which include diesel and heating oil, fell by 362,000 barrels, versus expectations for a 846,000 barrels drop, the EIA data showed.