US crude, fuel stocks fall in most recent week: EIA

World+Biz

Reuters
23 September, 2020, 09:55 pm
Last modified: 23 September, 2020, 10:02 pm

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

Crude inventories USOILC=ECI fell by 1.6 million barrels in the week to Sept. 18 to 494.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.3 million-barrel drop.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 4,000 barrels in the last week, EIA said.

Refinery crude runs USOICR=ECI fell by 118,000 barrels per day in the last week, EIA said. Refinery utilization rates USOIRU=ECI fell by 1 percentage point in the week.

US gasoline stocks USOILG=ECI fell by 4 million barrels in the week to 227.5 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 648,000-barrel drop.​

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 3.4 million barrels in the week to 175.9 million barrels, versus expectations for a 1 million-barrel rise, the EIA data showed.

Net US crude imports USOICI=ECI fell last week by 267,000 barrels per day, EIA said.

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