Crude oil and gasoline stocks fell in the most recent week while distillate inventories were marginally higher and refining runs rose, the U.S. Energy Information Administration said on Wednesday.

Crude inventories fell by 3.1 million barrels in the week to Oct. 28 to 436.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 367,000-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.3 million barrels in the last week, EIA said.

Refinery crude runs rose by 406,000 barrels per day in the last week, EIA said.

Refinery utilization rates rose by 1.7 percentage points in the week.

U.S. gasoline stocks fell by 1.3 million barrels in the week to 206.6 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.4 million-barrel drop.​

Distillate stockpiles, which include diesel and heating oil, rose by 0.4 million barrels in the week to 106.8 million barrels, versus expectations for a 560,000-barrel drop, the EIA data showed.

Net U.S. crude imports rose by 1.23 million barrels per day, EIA said.
Source: Reuters (Reporting By David Gaffen)