U.S. crude stockpiles fall less than expected in week – EIA – Reuters News

09-Jan-2019 09:33:21 AM

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NEW YORK, Jan 9 (Reuters) – U.S. crude stocks fell less than expected last week, while gasoline and distillate inventories rose more than expected, the Energy Information Administration said on Wednesday.

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 10.6 million barrels, more than five times the expected 1.9 million-barrel increase, the EIA data showed.

Gasoline stocks USOILG=ECI rose by 8.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.4 million-barrel gain.

Crude inventories USOILC=ECI fell by 1.7 million barrels in the last week, compared with analysts’ expectations for an decrease of 2.8 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 330,000 barrels, EIA said.

Refinery crude runs USOICR=ECI fell by 194,000 barrels per day, EIA data showed. Refinery utilization rates USOIRU=ECI fell by 1.1 percentage points.

Net U.S. crude imports USOICI=ECI rose last week by 626,000 barrels per day.



Collin Eaton

Energy Reporter

Reuters, Houston