U.S. crude oil and gasoline inventories soared last week, while distillate stockpiles fell, the Energy Information Administration said on Wednesday.

Crude inventories rose by 16.3 million barrels in the week to Feb. 10 to 471.4 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 for futures USOICC=ECI rose by 659,000 barrels last week, the EIA said.

Refinery crude runs fell by 383,000 barrels per day, and refinery utilization rates USOIRU=ECI fell by 1.4 percentage points in the week.

U.S. gasoline stocks rose by 2.3 million barrels to 241.9 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.5 million-barrel rise.​

Distillate stockpiles, which include diesel and heating oil, fell by 1.3 million barrels to 119.2 million barrels, versus expectations for a 400,000-barrel rise.

Net U.S. crude imports fell by 1.07 million bpd, the EIA said.
Source: Reuters (Reporting by Laura Sanicola Editing by Marguerita Choy)