Oil

U.S. crude stocks up, gasoline inventories down - EIA

Credit: REUTERS/DRONE BASE

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

Aug 4 (Reuters) - U.S. crude stocks and distillate inventories rose while gasoline inventories fell, the Energy Information Administration said on Wednesday.

Crude inventories USOILC=ECI rose by 3.6 million barrels in the week to July 30 to 439.2 million barrels, compared with analysts' expectations in a Reuters poll for a 3.1 million-barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 543,000 barrels in the last week, EIA said.

Refinery crude runs USOICR=ECI rose by 45,000 barrels per day in the last week, EIA said.

Refinery utilization rates USOIRU=ECI rose by 0.2 percentage points, in the week.

U.S. gasoline stocks USOILG=ECI fell by 5.3 million barrels in the week to 228.9 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel drop.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 833,000 barrels in the week to 138.7 million barrels, versus expectations for a 543,000-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 510,000 barrels per day, EIA said.

(Reporting By David Gaffen)

((david.gaffen@thomsonreuters.com; +1-646-223-6064; Reuters Messaging: david.gaffen.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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