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Raw stocks, US fuel will rise in the latest week – EIA

March 24, 2021 02:43 by Israel NewsDesk

PHOTO FILE: A sticker reads crude oil on the side of a storage tank in the Permian Pool in Mentone, Loving County, Texas, SA November 22, 2019. REUTERS / Angus Mordant

(Reuters) – U.S. crude stocks, gasoline and distillate deposits rose last week, the Energy Information Administration said Wednesday.

Crude deposits rose 1.9 million barrels in the week to the end of March 19 to 502.7 million barrels, compared to analysts ’expectations in a Reuters poll for a 272,000-barrel fall.

Crude stocks at Cushing’s delivery center, Oklahoma, fell 1.9 million barrels last week, the EIA said.

Crude refinery runoff rose 956,000 barrels per day last week, the EIA said.

Refinery usage levels rose 5.5 percentage points per week.

U.S. gasoline stock rose 203,000 barrels per week to 232.3 million barrels, the EIA said, compared to analysts ’expectations in a Reuters poll for a 1.2 million-barrel increase.

Distillate stocks, which include diesel and heating oil rose 3.8 million barrels per week to 141.6 million barrels, compared to an expectation of a 122,000-barrel fall, EIA data showed.

U.S. crude imports rose last week by 338,000 barrels per day, the EIA said.

Reporting by David Gaffen

.Source

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Tags Account Data, Best Reuters News, Crude oil, Don’t post a story from the RNP, Economic News (3rd Party), EIA, Energy - Fossil fuels (TRBC level 2), Energy (TRBC level 1), Energy Markets, Gasoline, Heating Oil / Gasoline, Jet / Kerosene fuel, Natural Gas, North America (Energy), Oil & Gas (TRBC level 3), Oil & Gas Interpretation and Marketing (TRBC level 4), OLA, Power (Legacy), Reports, Revised Products, United States, US, USA

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