EIA: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories fell by 2 MMbbl to 412.7 MMbbl in the week ending Jan. 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 992,000-bbl draw.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 765,000 bbl.
Refinery crude runs fell by 255,000 bpd in the week, the EIA said.
Refinery utilization rates fell by 1.6%.
U.S. gasoline stocks rose by 5.9 MMbbl in the week to 243.6 MMbbl, the EIA said, compared with analysts' expectations for a 2-MMbbl build.
Distillate stockpiles, which include diesel and heating oil, rose by 3.1 MMbbl to 132 MMbbl, versus expectations for a 800,000-bbl rise, EIA data showed.
Net U.S. crude imports fell by 1.3 MMbpd, the EIA said, to 1.56 MMbpd.
Weekly crude exports were up 1 MMbpd to 4.08 MMbpd.
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