US crude stocks jump, fuel inventories lower: EIA
- Crude inventories rose by 4.3 million barrels in the week to Oct. 23 to 492.4 million barrels.
- Crude stocks at the Cushing, Oklahoma, delivery hub fell by 422,000 barrels in the last week, EIA said.
US crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
Crude inventories rose by 4.3 million barrels in the week to Oct. 23 to 492.4 million barrels, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel rise.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 422,000 barrels in the last week, EIA said.
Refinery crude runs rose by 362,000 barrels per day in the last week, EIA said. Refinery utilization rates rose by 1.7 percentage points in the week.
US gasoline stocks fell by 892,000 barrels in the week to 226.1 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 961,000-barrel drop.?
Distillate stockpiles, which include diesel and heating oil, fell by 4.5 million barrels in the week to 156.2 million barrels, versus expectations for a 2.1 million-barrel drop, the EIA data showed.
Net US crude imports rose last week by 122,000 barrels per day, EIA said.
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