US crude inventories rose 4.7 million barrels to 414.4 million barrels in the week ended November 6, while gasoline stocks rose 1.8 million barrels and distillate stocks increased 4.1 million barrels.
US crude inventories rose 4.7 million barrels to 414.4 million barrels in the week ended November 6, compared with analysts’ expectations for a 1.1 million-barrel draw. Stocks at the Cushing, Oklahoma, delivery hub increased by 106,000 barrels.
Gasoline inventories rose 1.8 million barrels to 210.8 million barrels, versus expectations for an 84,000-barrel draw. Distillate stockpiles, which include diesel and heating oil, increased 4.1 million barrels to 103.3 million barrels, compared with expectations for a 1 million-barrel decline. Refinery crude runs rose 322,000 barrels per day, and utilization increased 0.7 percentage points to 95.2%.
Net US crude imports rose 544,000 barrels per day. The article said oil futures fell slightly following the report; at 12:10 p.m. ET, Brent was up $1.19 at $93.95 a barrel and US West Texas Intermediate was up 50 cents to $87.03.
