UPDATE 1-U.S. crude stocks at Cushing hit near 12-year low, fuel inventories rise, EIA

Adds details from report

- U.S. crude stocks at Cushing fell to a near 12-year low last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories fell by 6.1 million barrels to 412.1 million barrels in the week ended June 19, their lowest since January 2025, 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 fell by 1.1 million barrels, the EIA said, to their lowest since October 2014.

Total crude stocks including those in the Strategic Petroleum Reserve fell to their lowest since October 1984.

Refinery crude runs USOICR=ECI fell by 81,000 barrels per day last week, the EIA said.

Refinery utilization rates USOIRU=ECI fell by 0.6 percentage points to 96.1%.

U.S. gasoline stocks USOILG=ECI rose by 2.1 million barrels in the week to 216.3 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.6 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 3.1 million barrels in the week to 106.1 million barrels, versus expectations for a 0.5 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 94,000 bpd, EIA said.