Crude and gasoline stocks fall, distillate inventories rise, EIA says

- Crude inventories fell by 3.8 million barrels to 408.4 million barrels last week, the EIA said, compared with analysts' expectations in a Reuters poll for a 4.5 million-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 709,000 barrels in the week ended June 26, the EIA said.

Refinery crude runs USOICR=ECI rose by 85,000 barrels per day.

Refinery utilization rates USOIRU=ECI rose by 0.5 percentage points in the week.

U.S. gasoline stocks USOILG=ECI fell by 2.3 million barrels in the week to 214 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 2.5 million barrels in the week to 108.6 million barrels, versus expectations for a 0.5 million-barrel drop.

Net U.S. crude imports USOICI=ECI rose last week by 370,000 barrels per day, EIA said.