US crude stocks jump 10.3mn barrels last week: EIA

NEW YORK: US crude stocks rose last week as imports climbed, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Thursday.

Crude inventories rose by 10.3 million barrels in the last week, compared with analysts' expectations for an increase of 3.2 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub  rose by 1.17 million barrels, EIA said.

Refinery crude runs rose by 24,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.1 percentage points.

Gasoline stocks fell by 1.4 million barrels, compared with analysts' expectations in a Reuters poll for a 1.5-million barrel drop.

Distillate stockpiles, which include diesel and heating oil, fell by 3.6 million barrels, versus expectations for a 1.7-million barrels drop, the EIA data showed.

Net U.S. crude imports rose last week by 268,000 barrels per day.