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US Energy Information Administration: Crude stocks rose slightly, and distillates declined last week
US stocks of crude oil and gasoline increased while distillate stocks fell, the US Energy Information Administration said Wednesday.
Crude stocks rose by 768,000 barrels over the week ending November 13 to 489.5 million, while analysts in a Reuters poll expected a rise of 1.7 million barrels.
Crude stocks at the delivery point in Cushing, Oklahoma, rose 1.2 million barrels last week.
Crude consumption by refineries increased by 394,000 barrels per day over the week. The rate of utilization of the refinery production capacity rose by 2.9 percentage points.
US gasoline stocks grew by 2.6 million barrels to 228 million, while analysts in a Reuters poll expected a rise of 87,000 barrels.
Distillate stocks, which include diesel and heating oil, fell 5.2 million barrels to 144 million barrels, while they were expected to decline 1.5 million barrels.
Net US crude imports fell by 228,000 barrels per day last week, the Energy Information Administration said.
