U.S. crude stocks, gasoline, and distillate inventories rose last week, the Energy Information Administration said on Wednesday.
Crude inventories increased by 3.9 million barrels to 424.6 million barrels in the week ending September 5, the EIA reported. This rise was in contrast to analysts’ expectations in a Reuters poll for a 1 million-barrel draw.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 365,000 barrels during the week, according to the EIA.
Refinery crude runs decreased by 51,000 barrels per day, the EIA stated, while utilization rates rose by 0.6 percentage points to 94.9%.
U.S. gasoline stocks rose by 1.5 million barrels during the week to 220 million barrels, the EIA noted, compared to analysts’ expectations in a Reuters poll for a 0.2 million-barrel draw.
Distillate stockpiles, which include diesel and heating oil, increased by 4.7 million barrels in the week to 120.6 million barrels, as opposed to expectations for a 35,000-barrel rise, according to the EIA data.
Net U.S. crude imports increased last week by 668,000 barrels per day, the EIA reported.
