EIA: US Oil Inventories Drop By 3.3 Million Barrels
Aug 23 (Reuters) - U.S. crude stocks fell last week and gasoline stocks were down as well, the Energy Information Administration said on Wednesday.
Crude inventories fell by 3.3 million barrels in the week ending August 18, compared with analyst expectations for an decrease of 3.5 million barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 503,000 barrels, EIA said.
Refinery crude runs fell by 104,000 barrels per day, EIA data showed. Refinery utilization rates fell by 0.7 percentage points.
Gasoline stocks fell by 1.2 million barrels, compared with expectations in a Reuters poll for a 643,000-barrel drop.
Distillate stockpiles, which include diesel and heating oil, rose by 28,000 barrels, versus expectations for a 93,000-barrel increase, the EIA data showed.
U.S. crude imports rose last week by 605,000 barrels per day.
(Reporting By David Gaffen)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- EIA: US Crude Stockpiles Slump, Gasoline Builds More Than Expected (Dec 06)
- US Vastly Overstates Oil Output Forecasts, MIT Study Suggests (Dec 01)
- EIA: US Crude Stocks Fall, But Gasoline, Distillates Up (Nov 29)