Crude Oil Inventories – Futures News

NEW YORK, Sept 9 (Reuters) – U.S crude oil inventories last
week fell unexpectedly as refineries ramped up their
utilization rates, a government report showed on Thursday.
Distillate and gasoline stocks also fell in the week to
Sept. 3, as distillate output slipped and total product demand
over the last four weeks rose 0.7 percent year-on-year,
according to a weekly report from the Energy Information
Administration.
The EIA data showed gasoline stocks fell, though less then
expected, and showed distillate stockpiles fell, against a
forecast for a small build.
U.S. crude stocks fell 1.85 million barrels versus
forecasts of a 0.9 million barrel build, with inventories at
the Cushing, Oklahoma delivery point for the New York
Mercantile Exchange dropped 218,000 barrels last week.