News wire — U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
Crude inventories rose by 2 million barrels in the week ended March 13 to 453.7 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.3 million-barrel rise.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 563,000 barrels in the last week, EIA said.
Refinery crude runs rose by 118,000 barrels per day in the last week, EIA said. Refinery utilization rates were unchanged on the week.
U.S. gasoline stocks fell by 6.2 million barrels in the week to 240.82 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.9 million-barrel drop.
Distillate stockpiles, which include diesel and heating oil, fell by 2.9 million barrels in the week to 125.12 million barrels, versus expectations for a 2 million-barrel drop, the EIA data showed.
Net U.S. crude imports fell last week by 841,000 barrels per day in the last week, EIA said.
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