US crude stocks fall, gasoline and distillate inventories rise - EIA
DENVER, June 18 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending June 13, the Energy Information Administration said on Wednesday.
Crude inventories fell by 11.5 million barrels to 420.9 million barrels last week, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel draw.
Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 995,000 barrels in the week ended June13, the EIA said.
Refinery crude runs USOICR=ECI fell by 364,000 barrels per day, the EIA said.
Refinery utilization rates USOIRU=ECI fell by 1.1 percentage points in the week
U.S. gasoline stocks USOILG=ECI rose by 209,000 barrels in the week to 230 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 627,000 barrel build.
Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 514,000 barrels in the week to 109.4 million barrels, versus expectations for a 440,000 barrel rise, the EIA data showed.
Net U.S. crude imports USOICI=ECI fell by 1.75 million barrels per day, EIA said.
Related Articles
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
Duolingo (DUOL): Can the Green Bird Fly High Again
TradingKey - Duolingo is a great business, despite the stock price being down nearly 50% from its peak less than four months ago. However, the question is whether it’s worth buying it at a market cap of $12.5 billion. The answer is “not yet” because the traffic, even though healthy...
U.S. September Rate Decision Preview: What It Means for Bitcoin and Could It Spark a New Rally?
Bitcoin’s rally stalls ahead of the Fed meeting — has the bullish momentum already been priced in?
UK July GDP Commentary: Can GBP Break Through Its Current Fluctuation?
After considering multiple factors, given the evident weakness on both sides of this currency pair, we expect the GBP/USD exchange rate to maintain its current fluctuation trend in the short term.
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.
