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

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

Crude inventories rose by 5.2 million barrels to 421.2 million barrels in the week ended October 31, the EIA said, compared with analysts' expectations in a Reuters poll for a 603,000-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 300,000 barrels in the week ended, the EIA said.

Refinery crude runs USOICR=ECI rose by 37,000 barrels per day (bpd), the EIA said, while utilization rates USOIRU=ECI fell by 0.6 percentage points to 86% in the week.

U.S. gasoline stocks USOILG=ECI fell by 4.7 million barrels in the week to 206 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 0.6 million barrels in the week to 111.5 million barrels, versus expectations for a 2 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 867,000 bpd, EIA said.