U.S. crude inventories fell sharply last week, EIA says

2023-12-29 10:29:00

U.S. crude inventories USOILC=ECI fell by 7.1 million barrelsin the last week to 436.6 million barrels, compared with analysts' expectations in a Reuters poll for a 2.7 million-barrel drop, the U.S. Energy Information Administration said on Thursday.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 1.5 million barrels in the week to Dec 22, EIA said.

Refinery crude runs USOICR=ECI rose by 58,000 barrels per day in the last week, EIA said.

Refinery utilization rates USOIRU=ECI rose by 0.9 percentage points in the week.

U.S. gasoline stocks USOILG=ECI fell by 669,000 barrels in the week to 226.1 million barrels,the EIA said, compared with analysts' expectations in a Reuters poll for a 208,000 barrel rise.

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 741,000 barrels in the week to 115.8million barrels, versus expectations for a 600,000 barrel rise, the EIA data showed.