US crude stocks rise, gasoline and distillate inventories fall - EIA
USO•US crude inventories rose 922,000 barrels to 427.3 million barrels in the week ended September 25, while gasoline stocks fell 1.7 million barrels and distillate stocks fell 2.3 million barrels.
1. Crude inventories rise
Crude inventories increased by 922,000 barrels to 427.3 million barrels, compared with analysts’ expectations for a 264,000-barrel draw. Stocks at the Cushing, Oklahoma, delivery hub rose by 553,000 barrels.
2. Fuel stocks decline
Gasoline inventories fell by 1.7 million barrels to 204.4 million, and distillate stockpiles declined by 2.3 million barrels to 105.2 million. Refinery crude runs fell by 554,000 barrels per day, and utilization dropped 1.5 percentage points to 92.5%. Net crude imports fell by 468,000 barrels per day. Oil futures held earlier gains after the report, while diesel futures rose 4.5% to $5.1175 a gallon.
