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U.S. crude supplies up slightly, distillate inventories drop

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The Energy Information Administration said on Wednesday U.S. crude stocks and gasoline inventories rose while distillate inventories fell.

Crude inventories rose by 768,000 barrels in the week to Nov. 13 to 489.5 million barrels, compared with analyst expectations in a Reuters poll for a 1.7 million-barrel rise.

The EIA said crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.2 million barrels in the last week.

Refinery crude runs rose by 394,000 barrels per day in the last week, EIA said. Refinery utilization rates rose by 2.9 percentage points in the week.

The EIA said U.S. gasoline stocks rose by 2.6 million barrels in the week to 228 million barrels, compared with analysts’ expectations in a Reuters poll for an 87,000-barrel rise. ​

The EIA data showed that distillate stockpiles, which include diesel and heating oil, fell by 5.2 million barrels in the week to 144 million barrels, versus expectations for a 1.5 million-barrel drop.

Net U.S. crude imports fell last week by 228,000 barrels per day, EIA said.

Source Reuters
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