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ENI weekly report: U.S. oil inventories down for 10th week in a row




By Reuters

DAVOS, Switzerland
Petroleumworld 01 25 2018

U.S. crude stocks fell while gasoline stocks increased and distillate inventories rose last week, the Energy Information Administration said on Wednesday.

Crude inventories fell by 1.1 million barrels in the week to Jan. 19, compared with analyst expectations for a decrease of 1.6 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 3.2 million barrels, EIA said.

Refinery crude runs fell by 392,000 barrels per day, EIA data showed. Refinery utilization rates fell by 2.1 percentage points.

Gasoline stocks rose by 3.1 million barrels, compared with analysts' expectations in a Reuters poll for a 2.5 million-barrel gain.

Distillate stockpiles, which include diesel and heating oil, rose by 639,000 barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed.

Net U.S. crude imports fell last week by 71,000 barrels per day.


Reporting By David Gaffen from Reuters. 01 24 2018

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