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

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

Crude inventories fell by 3.4 million barrels to 424.2 million barrels in the week ended November 14, the EIA said, compared with analysts' expectations in a Reuters poll for a 603,000-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 698,000 barrels in the week, the EIA said.

Refinery crude runs USOICR=ECI rose by 259,000 barrels per day (bpd), the EIA said, while utilization rates USOIRU=ECI rose by 0.6 percentage points in the week to 90%.

U.S. gasoline stocks USOILG=ECI rose by 2.3 million barrels in the week to 207.4 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.2 million-barrel draw.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 0.2 million barrels in the week to 111.1 million barrels, versus expectations for a 1.2 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI fell last week by 614,000 barrels per day, EIA said.