US crude, distillate stockpiles fall, gasoline builds last week - EIA

Kitco Media
By Reuters
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Reuters
May 3 (Reuters) - U.S. crude oil and distillate inventories fell while gasoline stockpiles rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.3 million barrels in the week ending April 28 to 459.6 million barrels, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel drop. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 541,000 barrels in the week, EIA said. Refinery crude runs fell by 98,000 barrels per day, while refinery utilization rates fell by 0.6 percentage point to 90.7% of total capacity. Gasoline stocks rose by 1.7 million barrels to 222.9 million barrels, the EIA said, compared with forecasts for a 1.2 million-barrel drop.? Distillate stockpiles , which include diesel and heating oil, fell by 1.2 million barrels to 110.3 million barrels, versus expectations for a 1.1 million-barrel drop, the EIA data showed. Net U.S. crude imports rose last week by 102,000 bpd. (Reporting by Laura Sanicola Editing by Marguerita Choy)

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