U.S. oil and fuel inventories drop in latest week - EIA
By Reuters Staff
Petroleumworld 11 02 2017
U.S. crude stocks fell last week while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.
Crude inventories fell by 2.4 million barrels in the week to Oct. 27, compared with analysts' expectations for an decrease of 1.8 million barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 90,000 barrels, EIA said.
Refinery crude runs fell by 10,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.3 percentage points.
Gasoline stocks fell by 4.0 million barrels, compared with analysts' expectations in a Reuters poll for a 1.5 million-barrel drop.
Distillate stockpiles, which include diesel and heating oil, fell by 320,000 barrels, versus expectations for a 2.1 million-barrel drop, the EIA data showed.
U.S. crude imports fell last week by 761,000 barrels per day.
Reporting by David Gaffen from Reuters.
reuters.com 11 01 2017
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