US crude oil and distillate inventories fell last week

The US Energy Information Administration reported on Thursday that crude and distillate inventories in the United States fell while gasoline stocks rose in the week to August 30.

The Energy Information Administration said that crude stocks fell by 6.9 million barrels to 418.3 million barrels in the week, compared with analysts’ expectations in a Reuters poll for a decrease of 993,000 barrels, according to sources from a global agency.

The Energy Information Administration added that crude stocks at the Cushing, Oklahoma, delivery center fell by 1.1 million barrels in the week to August 30.

Refinery crude runs rose by 36,000 barrels per day in the week. Refinery utilization rates were stable during the week.

The Energy Information Administration said that gasoline stocks in the United States rose by 0.8 million barrels in the week to 219.2 million barrels, compared with analysts’ expectations in a Reuters poll for a decrease of 0.7 million barrels.

The U.S. Energy Information Administration said inventories of petroleum products, which include diesel and heating oil, fell by 0.4 million barrels last week to 122.7 million barrels, compared with expectations for a 0.5 million barrel increase. The U.S. Energy Information Administration said net crude imports fell last week by 853,000 barrels per day.