U.S. crude, gasoline stocks rise in latest week

Kitco Media
By Reuters
Published:
Updated:
Reuters
By Arathy Somasekhar HOUSTON, Feb 1 (Reuters) - U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 4.1 million barrels in the week ended Jan. 27 to 452.7 million barrels, compared with analysts' expectations in a Reuters poll for a 0.4 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.3 million barrels in the last week, EIA said. Refinery crude runs fell by 20,000 barrels per day in the last week, EIA said. Refinery utilization rates fell by 0.4 percentage points in the week U.S. gasoline stocks rose by 2.6 million barrels in the week to 234.6 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel rise.? Distillate stockpiles , which include diesel and heating oil, rose by 2.3 million barrels in the week to 117.6 million barrels, versus expectations for a 1.3 million-barrel drop, the EIA data showed. Net U.S. crude imports rose by 2.59 million barrels per day, EIA said. (Reporting by Arathy Somasekhar in Houston)

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