U.S. crude stocks fall, gasoline and distillate inventories rise
11/28/2024 9:00:00 AM
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
- Crude inventories fell by 1.8 MMbbl to 428.4 MMbbl in the week ended Nov. 22, the EIA said, compared with analysts' expectations in a Reuters poll for a 605,000-bbl draw.
- Crude stocks at the Cushing, Oklahoma, delivery hub fell by 909,000 bbl.
- Refinery crude runs rose by 67,000 bpd.
- Refinery utilization rates rose by 0.3% in the week to 90.5%.
- S. gasoline stocks rose by 3.3 MMbbl in the week to 212.2 MMbbl, the EIA said, compared with analysts' expectations in a Reuters poll for a 46,000-bbl draw.
- Distillate stockpiles, which include diesel and heating oil, rose by 400,000 bbl in the week to 114.7 MMbbl, versus expectations for a 100,000-bbl rise, the EIA data showed.
- Net U.S. crude imports fell by 1.89 MMbpd, the EIA said.
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