US crude, gasoline stocks rise in most recent week: EIA

WASHINGTON: US crude stocks and gasoline inventories rose while distillate inventories fell, the Energy Information Administration said on Wednesday.

Crude inventories rose by 2.3 million barrels in the week to Oct. 1 to 420.9 million barrels, compared with analysts’ expectations in a Reuters poll for a 418,000-barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.5 million barrels in the last week, EIA said.

Refinery crude runs rose by 329,000 barrels per day in the last week, EIA said.

Article continues after this advertisement

Refinery utilization rates rose by 1.5 percentage points, in the week.

US gasoline stocks rose by 3.3 million barrels in the week to 225.1 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 279,000-barrel drop.

Distillate stockpiles, which include diesel and heating oil, fell by 0.4 million barrels in the week to 129.3 million barrels, versus expectations for a 1 million-barrel drop, the EIA data showed.

Net US crude imports rose by 1.4 million barrels per day, EIA said.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

PSX revises market timings

KARACHI: The Pakistan Stock Exchange (PSX) has announced revised timings of the market, which will take effect from the date of 'Go Live' of...