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US crude stocks at highest seasonally in at least 33 years: EIA
[NEW YORK] US crude stocks last week rose to their highest level seasonally since data was available in 1982, according to a weekly report from the US Energy Information Administration on Thursday.
Nationwide stocks jumped 7.6 million barrels to 468.6 million barrels, EIA data showed.
In the Gulf Coast, stocks hit their second-highest levels last week since data was available in 1990.
US East Coast refinery utilization jumped 9.4 percentage points to 89.8 per cent last week, while US Midwest refinery utilization rate fell 5.6 percentage points to 73.6 per cent, the lowest on record since 2010, according to the EIA.