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US crude stocks fall, gasoline and distillate inventories rise, EIA says

ReutersJan 15, 2025 3:35 PM

- U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.

Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ending Jan. 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 992,000-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 765,000 barrels.

Refinery crude runs USOICR=ECI fell by 255,000 barrels per day (bpd) in the week, the EIA said.

Refinery utilization rates USOIRU=ECI fell by 1.6 percentage points.

U.S. gasoline stocks USOILG=ECI rose by 5.9 million barrels in the week to 243.6 million barrels, the EIA said, compared with analysts' expectations for a 2 million-barrel build.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 3.1 million barrels to 132 million barrels, versus expectations for a 800,000-barrel rise, the EIA data showed.

Net U.S. crude imports USOICI=ECI fell by 1.3 million bpd, EIA said to 1.56 million bpd.

Weekly crude exports were up 1 million bpd to 4.08 million bpd.

(Reporting by Georgina McCartney in Houston)

((Georgina.McCartney@thomsonreuters.com;))

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