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U.S. crude, fuel stocks fell last week -EIA

U.S. crude, fuel stocks fell last week -EIA

reuters.com · 12/29/2021 10:37
U.S. crude, fuel stocks fell last week -EIA

- U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.

Crude inventories USOILC=ECI fell by 3.6 million barrels in the last week to 420 million barrels, compared with analysts' expectations in a Reuters poll for a 3.1 million-barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 1.1 million barrels in the last week, the EIA said.

Refinery crude runs USOICR=ECI fell by 115,000 barrels per day, while refinery utilization rates USOIRU=ECI rose by 0.1 percentage points, it said.

U.S. gasoline stocks USOILG=ECI fell by 1.5 million barrels in the week to 222.66 million barrels, compared with analysts' expectations in a Reuters poll for a 0.5 million-barrel rise.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 1.7 million barrels in the week to 122.43 million barrels, versus expectations for a 0.2 million-barrel rise, the EIA data showed.

Net U.S. crude imports USOICI=ECI rose last week by 515,000 barrels per day, the EIA said.


(Reporting by Stephanie Kelly; editing by Barbara Lewis)

((Stephanie.Kelly@thomsonreuters.com; 646-223-4471; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))