EIA: US crude and gasoline inventories rise, distillate stocks fall

Data released on Wednesday by the US Energy Information Administration revealed that US crude and gasoline inventories rose, while distillate stocks fell during the week ending Friday, November 15.

Crude oil inventories rose by 545,000 barrels last week to 430.3 million barrels, according to the US Energy Information Administration, compared to an increase of 138,000 barrels in analysts’ expectations in a Reuters poll.

The Energy Information Administration said that crude oil inventories at the Cushing, Oklahoma, delivery center fell by 140,000 barrels during the week.

Refinery crude runs fell by 281,000 barrels per day during the week ending November 15, and refinery utilization rates fell by 1.2%, according to the data.

The U.S. Energy Information Administration said U.S. gasoline stocks rose by 2.1 million barrels last week to 208.9 million barrels, compared with expectations for a 0.9 million-barrel increase in a Reuters poll.

The data showed U.S. distillate stockpiles, which include diesel and heating oil, fell by 0.1 million barrels to 114.3 million barrels last week, compared with expectations for a relatively small change.

U.S. net crude oil imports rose by 237,000 barrels per day in the week to Nov. 15.