U.S. crude stocks rise by more than 10 million barrels – EIA
2022.12.14 11:03
© Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo
(Reuters) – stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.
Crude inventories rose by 10.2 million barrels in the week ended Dec. 9 to 424.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.6 million-barrel drop.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 426,000 barrels in the last week, EIA said.
Refinery crude runs fell by 459,000 barrels per day in the last week, EIA said.
Refinery utilization rates fell by 3.3 percentage points in the week
U.S. gasoline stocks rose by 4.5 million barrels in the week to 223.6 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.7 million-barrel rise.
Distillate stockpiles, which include diesel and , rose by 1.4 million barrels in the week to 120.2 million barrels, versus expectations for a 2.5 million-barrel rise, the EIA data showed.
Net U.S. crude imports fell last week by 31,000 barrels per day, EIA said.
