The US Energy Information Administration said on Wednesday that US oil stocks fell last week, while gasoline and distillate stocks rose.
The government agency added in its weekly report on petroleum stocks that crude stocks fell by 240,000 barrels in the week ending December 3 to 432.9 million barrels, while analysts polled by Reuters had expected a drop of 1.7 million barrels.
She said that crude stocks at the delivery center in Cushing, Oklahoma, increased by 2.4 million barrels last week, according to “Reuters”.
Gasoline stocks rose 3.9 million barrels over the course of the week to 219.3 million barrels, versus expectations for an increase of 1.8 million barrels.
And distillate stocks, which include diesel and heating oil, rose 2.7 million barrels to 126.6 million barrels, against expectations for a rise of 1.6 million barrels.
Data from the Energy Information Administration showed that US imports of crude oil rose last week by 329,000 barrels per day to 4.23 million barrels per day.
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