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

Crude inventories rose by 19 million barrels in the week ended Jan 6 to 439.6 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.2 million-barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.5 million barrels in the last week, EIA said.

Refinery crude runs rose by 831,000 barrels per day in the last week, EIA said.

Refinery utilization rates rose by 4.5 percentage points in the week.

U.S. gasoline stocks rose by 4.1 million barrels in the week to 226.8 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.2 million-barrel rise.​

Distillate stockpiles, which include diesel and heating oil, fell by 1.1 million barrels in the week to 117.7 million barrels, versus expectations for a 0.5 million-barrel drop, the EIA data showed.

Net U.S. crude imports rose by 2.71 million barrels per day, EIA said.
Source: Reuters