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US crude stocks climb for 10th straight week: EIA
[NEW YORK] US crude stocks rose last week for the tenth straight week, while gasoline and distillate inventories increased, data from the Energy Information Administration showed on Wednesday.
Crude inventories rose by 1.2 million barrels in the last week, compared with analysts' expectations for an decrease of 471,000 barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 428,000 barrels, EIA said.
Refinery crude runs rose by 423,000 barrels per day, EIA data showed. Refinery utilization rates rose by 2.5 percentage points.
Gasoline stocks rose by 135,000 barrels, compared with analysts' expectations in a Reuters poll for a 1.5-million-barrel gain.
Distillate stockpiles, which include diesel and heating oil, rose by 3.1 million barrels, versus expectations for a 326,000 barrels increase, the EIA data showed.
US crude imports rose last week by 414,000 barrels per day.