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 Thursday.

Crude inventories rose by 6.4 million barrels to 427.6 million barrels in the week ended November 7, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.96 million-barrel rise.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 346,000 barrels in the week, the EIA said.

Refinery crude runs USOICR=ECI rose by 717,000 barrels per day (bpd), the EIA said, while utilization rates USOIRU=ECI rose by 3.4 percentage points to 89.4% in the week.

U.S. gasoline stocks USOILG=ECI fell by 945,000 barrels in the week to 205.1 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.89 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 637,000 barrels in the week to 110.9 million barrels, versus expectations for a 2.03 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 849,000 bpd, EIA said.