U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose in the week ending Nov. 1, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories rose by 2.1 MMbbl to 427.7 MMbbl in the week, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1-MMbbl rise.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 522,000 bbl in the week.
Refinery crude runs rose by 281,000 bpd in the week, the EIA said.
Refinery utilization rates rose by 1.4% percentage points.
U.S. gasoline stocks rose by 412,000 bbl in the week to 211.3 MMbbl, the EIA said, compared with analysts' expectations in a Reuters poll for a 878,000-bbl draw.
Distillate stockpiles, which include diesel and heating oil, rose by 2.9 MMbbl in the week to 115.8 MMbbl, versus expectations for a 1.1-MMbbl drop, EIA data showed.
Net U.S. crude imports rose by 1.7 MMbpd, the EIA said.
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