U.S. crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, data from the Energy Information Administration (EIA) showed on Aug. 17.
Crude inventories fell by 2.5 million barrels (MMbbl) in the last week, compared with analysts' expectations for an increase of 522,000 bbl.
Crude stocks at the Cushing, Okla., delivery hub fell by 724,000 bbl, the EIA said.
Refinery crude runs rose by 268,000 bbl/d, EIA data showed. Refinery utilization rates rose by 1.3%.
Gasoline stocks fell by 2.7 MMbbl, compared with analysts' expectations in a Reuters poll for a 1.6 MMbbl drop.
Distillate stockpiles, which include diesel and heating oil, rose by 1.9 MMbbl, vs. expectations for a 742,000 bbl drop, EIA data showed.
U.S. crude imports fell last week by 211,000 bbl/d.
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