Crude inventories fell by 2.2 million barrels during the week to 414.1 million, compared to analysts’ expectations in a Reuters poll for a decline of 400,000.
The Energy Information Administration said that crude oil inventories at the delivery center in Cushing, Oklahoma, rose by 132,000 barrels in the week ending September 29.
She added that refinery consumption of crude oil decreased by 463 thousand barrels per day last week.
Refinery operating rates decreased by 2.2 percentage points during the week.
The administration said that gasoline stocks in the United States increased by 6.5 million barrels to 227 million, compared to analysts’ expectations in a Reuters poll of an increase of 200,000.
Energy Information Administration data also showed that distillate stocks, which include diesel and heating oil, fell by 1.3 million barrels during the week to 118.8 million, compared to expectations for a decline of 300,000.
The administration said that net US crude imports decreased by 1.96 million barrels per day.
2023-10-04 15:38:08
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