EIA Inventory Report
* Crude stocks fall 5.33 million barrels
* Distillate stocks off 589,000 barrels
* Gasoline stocks up 2.4 million barrels
NEW YORK, Dec 22 (Reuters) – U.S. crude inventories fell
more than expected last week while gasoline stocks rose,
according to a weekly report from the Energy Information
Administration on Wednesday.
Domestic crude stocks fell by 5.33 million barrels to
340.69 million barrels in the week to Dec. 17, while crude
imports rose 1.05 million barrels per day (bpd) to 8.71 million
bpd, the data showed.
Analysts polled by Reuters had expected crude stocks to
fall by 2.3 million barrels.
Stocks of gasoline rose by 2.4 million barrels, ahead of
analyst expectations for a 1.4 million-barrel rise.
Distillate stocks fell 589,000 barrels, compared with
analyst expectations for a 700,000-barrel draw.
Refinery utilization fell 0.3 percentage points to 87.7
percent, in line with analyst expectations for 0.2 percentage
point drop.
Inventories at the key Cushing, Oklahoma, hub rose 479,000
barrels to 36.39 million barrels. Cushing is the delivery point
for the New York Mercantile Exchange’s benchmark West Texas
Intermediate crude futures.
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