NEW YORK: US crude stocks rose more than expected last week, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.
Crude inventories rose by 6.8 million barrels in the last week, compared with analysts' expectations for an increase of 126,000 barrels. The increase was the second consecutive rise, after eleven weeks of declines.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.22 million barrels, EIA said.
Refinery crude runs fell by 470,000 barrels per day, EIA data showed. Refinery utilization rates fell by 2.8 percentage points.
Gasoline stocks unexpectedly fell by 2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.8 million barrels gain.
Distillate stockpiles, which include diesel and heating oil, fell by 1.9 million barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed.
Net US crude imports rose last week by 35,000 barrels per day.
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