U.S. crude stocks fell less than expected last week, while gasoline and distillate inventories rose more than expected, the Energy Information Administration said on Wednesday.
Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 10.6 million barrels, more than five times the expected 1.9 million-barrel increase, the EIA data showed.
Gasoline stocks USOILG=ECI rose by 8.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.4 million-barrel gain.
Crude inventories USOILC=ECI fell by 1.7 million barrels in the last week, compared with analysts’ expectations for an decrease of 2.8 million barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 330,000 barrels, EIA said.
Net U.S. crude imports USOICI=ECI rose last week by 626,000 barrels per day.