US oil stockpiles rise for first time since April: EIA
[NEW YORK] US crude stocks rose last week for the first time since April, while gasoline stocks decreased and distillate inventories increased, data from the Energy Information Administration showed on Wednesday.
Crude inventories rose by 2.4 million barrels in the last week, compared with analysts' expectations for an decrease of 2 million barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 123,000 barrels, EIA said.
Refinery crude runs fell by 1,000 barrels per day, EIA data showed. Refinery utilization rates rose by 1 percentage points.
Gasoline stocks fell by 1.8 million barrels, compared with analysts' expectations in a Reuters poll for a 458,000-barrel gain.
Distillate stockpiles, which include diesel and heating oil, rose by 392,000 barrels, versus expectations for a 1.6-million-barrel increase, the EIA data showed.
US crude imports rose last week by 748,000 barrels per day.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the dollar reversed?
Oil futures fall as fears of a wider Middle East war fade
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for US$705 million
Saudi Aramco in talks to buy 10% of China’s Hengli Petrochemical