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US crude oil and gasoline inventories rise, distillates fall, EIA says

Thursday, 03 October 2024 | 00:00

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

Crude inventories rose by 3.9 million barrels to 417 million barrels in the week ended Sept. 27, the EIA said.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 840,000 barrels, the EIA said.

Brent crude futures and U.S. crude futures pared gains following the report, last up 2.12% and 2.3%. respectively.

Refinery crude runs fell by 662,000 barrels per day, the EIA said.

Refinery utilization rates fell by 3.3 percentage points in the week to 87.6%.

U.S. gasoline stocks rose by 1.1 million barrels in the week to 221 million barrels, the EIA said. ​

Distillate stockpiles, which include diesel and heating oil, fell by 1.3 million barrels in the week to 122 million barrels.

Net U.S. crude imports rose last week by 191,000 barrels per day, EIA said.
Source: Reuters (Reporting by Georgina McCartney in Houston)

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