EIA: U.S. crude stocks and distillate inventories rise, gasoline stocks fall
HOUSTON (Reuters)—U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending May 17, the U.S. Energy Information Administration (EIA) said on Wednesday.
Crude inventories rose by 1.8 MMbbl to 458.8 MMbbl, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.5-MMbbl draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.3 MMbbl last week, the EIA said.
Refinery crude runs rose by 227,000 bpd, the EIA said. Refinery utilization rates rose by 1.3 percentage points in the week.
U.S. gasoline stocks fell by 900,000 bbl in the week to 226.8 MMbbl, the EIA said, compared with analysts' expectations in a Reuters poll for a 700,000-bbl draw.
Distillate stockpiles, which include diesel and heating oil, rose by 400,000 bbl in the week to 116.7 MMbbl, versus expectations for a 400,000-bbl drop, the EIA data showed.
Net U.S. crude imports fell last week by 676,000 bpd, EIA said.
(Reporting by Georgina McCartney in Houston)
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