U.S. crude stocks rise, fuel inventories down -EIA

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Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo

July 21 (Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.

Crude inventories (USOILC=ECI) rose by 2.1 million barrels in week to July 16 to 439.7 million barrels, compared with analysts’ expectations in a Reuters poll for a 4.5 million-barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) fell by 1.3 million barrels in the last week, EIA said.

Refinery crude runs (USOICR=ECI) fell by 86,000 barrels per day in the last week, EIA said. Refinery utilization rates (USOIRU=ECI) fell by 0.4 percentage points, in the week.

U.S. gasoline stocks (USOILG=ECI) fell by 121,000 barrels in the week to 236.4 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1 million-barrel drop.​

Distillate stockpiles (USOILD=ECI), which include diesel and heating oil, fell by 1.3 million barrels in the week to 141 million barrels, versus expectations for a 557,000-barrel rise, the EIA data showed.

Net U.S. crude imports (USOICI=ECI) rose by 2.4 million barrels per day, EIA said.

Reporting By David Gaffen

Our Standards: The Thomson Reuters Trust Principles.



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