U.S. crude stockpiles rise, fuel draws down last week - EIA

Kitco Media
By Reuters
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Reuters
NEW YORK, March 15 (Reuters) - U.S. crude stockpiles rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.6 million barrels in the week to March 10 to 480.1 million barrels, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.9 million barrels in the last week, the EIA said. Refinery crude runs rose by 431,000 barrels per day and refinery utilization rates rose by 2.2 percentage points in the week. Gasoline stocks fell by 2.1 million barrels in the week to 236 million barrels, the EIA said, compared with analysts' forecasts for a 1.8 million-barrel drop.? Distillate stockpiles , which include diesel and heating oil, fell by 2.5 million barrels in the week to 119.7 million barrels, versus expectations for a 1.2 million-barrel drop, the EIA data showed. Net U.S. crude imports fell by 1.72 million bpd, the EIA said. (Reporting by Stephanie Kelly Editing by Marguerita Choy)

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