US oil stocks fall, gasoline inventories rise: EIA

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

Crude inventories fell by 2.2 million barrels in the last week to 414.1 million barrels, compared with analysts' expectations in a Reuters poll for a 400,000 barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 132,000 barrels in the week ended Sept 29, EIA said.


Refinery crude runs fell by 463,000 barrels per day in the last week, EIA said.

Refinery utilization rates fell by 2.2 percentage points in the week.

U.S. gasoline stocks rose by 6.5 million barrels in the week to 227 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 200,000 barrel rise.

Distillate stockpiles, which include diesel and heating oil, fell by 1.3 million barrels in the week to 118.8 million barrels, versus expectations for a 300,000 barrel drop, the EIA data showed.

Net U.S. crude imports fell by 1.96 million barrels per day, EIA said.