21.6 C
New York
Tuesday, July 5, 2022

U.S. crude inventories rise unexpectedly as imports jump: EIA

U.S. crude inventories rise unexpectedly as imports jump: EIA© Reuters. U.S. crude inventories rise unexpectedly as imports jump: EIA

(Reuters) – stocks rose last week as imports jumped, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories rose by 3.8 million barrels in the week to July 27, compared with analysts’ expectations for a decrease of 2.8 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.3 million barrels, EIA said.

Refinery crude runs rose by 195,000 barrels per day, EIA data showed. Refinery utilization rates rose by 2.3 percentage points.

Gasoline stocks fell by 2.5 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.3 million-barrel drop.

Distillate stockpiles , which include diesel and , rose by 3 million barrels, versus expectations for a 264,000-barrel increase, the EIA data showed.

Net U.S. crude imports rose last week by 1.4 million barrels per day.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,297FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles