6 new stocks added last week by ProPicks AI are already up by 2.5%. Don't miss the momentum!Get 50% off

Crude stocks up, refining runs increase, boosting fuel stocks - EIA

Published 08/02/2018, 02:32 am
Updated 08/02/2018, 02:40 am
© Reuters. Crude stocks up, refining runs increase, boosting fuel stocks - EIA
CL
-
NYF
-

Feb 7 (Reuters) - U.S. crude stocks rose last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories USOILC=ECI rose by 1.9 million barrels in the week to Feb. 2, compared with analysts' expectations for an increase of 3.2 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 711,000 barrels, EIA said.

Refinery crude runs USOICR=ECI rose by 784,000 barrels per day, EIA data showed. Refinery utilization rates USOIRU=ECI rose by 4.4 percentage points.

Gasoline stocks USOILG=ECI rose by 3.4 million barrels, compared with analysts' expectations in a Reuters poll for a 459,000-barrel gain.

Distillate stockpiles USOILD=ECI , which include diesel and heating oil, rose by 3.9 million barrels, versus expectations for a 1.4 million-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI fell last week by 60,000 barrels per day.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.