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U.S. crude, gasoline stockpiles rise in latest week – EIA

Thursday, 23 November 2023 | 01:00

U.S. crude stocks and gasoline inventories rose while distillate inventories fell, the Energy Information Administration (EIA) said on Wednesday.

Crude inventories rose by 8.7 million barrels in the last week to 448.1 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 rose by 858,000 barrels in the last week, EIA said.

Refinery crude runs rose by 105,000 barrels per day in the last week, EIA said.

Refinery utilization rates rose by 0.9 percentage points in the week.

U.S. gasoline stocks rose by 749,000 barrels in the week to 216.4 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 150,000-barrel drop.​

Distillate stockpiles, which include diesel and heating oil, fell by 1.02 million barrels in the week to 105.6 million barrels, versus expectations for a 761,000-barrel drop, the EIA data showed.

Net U.S. crude imports rose last week by 259,000 barrels per day, EIA said.
Source: Reuters (Reporting by Stephanie Kelly)

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