US crude stocks rise, gasoline and distillate inventories fall - EIA

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.

Crude inventories rose by 3.8 million barrels to 443.1 million barrels in the week ended March 6, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 117,000 barrels in the week, the EIA said.

Refinery crude runs USOICR=ECI rose by 328,000 barrels per day in the week, the EIA said, while utilization rates USOIRU=ECI rose by 1.6 percentage points in the week to 90.8%.

U.S. gasoline stocks USOILG=ECI fell by 3.7 million barrels in the week to 249.5 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.6 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 1.3 million barrels in the week to 119.4 million barrels, versus expectations for a 0.7 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 661,000 barrels per day, EIA said.


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