U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending December 13, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories fell by 934,000 barrels to 421 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.6 million-barrel draw.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 108,000 barrels last week, the EIA said.
Refinery crude runs fell by 48,000 barrels per day in the week, the EIA said.
Refinery utilization rates fell by 0.6 percentage points to 91.8 per cent.
U.S. gasoline stocks rose by 2.3 million barrels in the week to 222 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel build.
Distillate stockpiles, which include diesel and heating oil, fell by 3.2 million barrels in the week to 118.2 million barrels, versus expectations for a 0.7 million-barrel rise, the EIA data showed.
Net U.S. crude imports fell by 1.13 million barrels per day, EIA said.
Leave a Reply
You must be logged in to post a comment.