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

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

Crude inventories rose by 6.2 million barrels to 449.3 million barrels in the week ended March 13, the EIA said, compared with analysts' expectations in a Reuters poll for a 383,000-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 944,000 barrels in the week, the EIA said.

Refinery crude runs USOICR=ECI rose by 63,000 barrels per day, the EIA said, while utilization rates USOIRU=ECI rose by 0.6 percentage points in the week to 91.4%.

U.S. gasoline stocks USOILG=ECI fell by 5.4 million barrels in the week to 244 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 2.5 million barrels in the week to 116.9 million barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI fell last week by 692,000 barrels per day, EIA said.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.