UPDATE 1-US crude and gasoline inventories fell last week, distillates rose - EIA says

Updates to include price reaction

By Liz Hampton and Georgina McCartney

- U.S. crude and gasoline stockpiles fell last week, while distillate inventories were up, the Energy Information Administration said on Wednesday.

Crude inventories fell by 7.9 million barrels to 445 million barrels in the week ended May 15, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 1.6 million barrels in the week, the EIA said.

Oil futures, which had fallen sharply right before the release of data, extended losses on the report. Global Brent crude futures LCOc1 were trading at $106.98 a barrel, down $4.3, at 10:38 a.m. ET (1438 GMT), while U.S. West Texas Intermediate futures CLc1 were trading down $3.67 a barrel at $100.49.

Refinery crude runs USOICR=ECI fell by 80,000 barrels per day in the week, the EIA said, while refinery utilization rates USOIRU=ECI fell by 0.1 percentage points to 91.6%.

U.S. gasoline stocks USOILG=ECI fell by 1.5 million barrels in the week to 214.2 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 372,000 barrels in the week to 102.9 million barrels, versus expectations for a 1.1 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 3,000 barrels per day, EIA said.