U.S. crude stocks and distillate inventories rise, gasoline inventories fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending July 25, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories rose by 7.7 MMbbl to 426.7 MMbbl last week, the EIA said, compared with analysts' expectations in a poll for a 1.3-MMbbl draw.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 690,000 bbl, the EIA said.
Refinery crude runs fell by 25,000 bpd, while utilization rates fell by 0.1% in the week to 95.4%.
U.S. gasoline stocks fell by 2.7 MMbbl in the week to 228.4 MMbbl, the EIA said, compared with analysts' expectations in a poll for a 600,000-bbl draw.
Distillate stockpiles, which include diesel and heating oil, rose by 3.6 MMbbl in the week to 113.5 MMbbl, versus expectations for a 300,000-bbl rise, the EIA data showed.
Net U.S. crude imports rose by 1.32 MMbpd, the EIA said.
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