Industry
Crude deposits fell 6.1 million barrels per week to the end of December 25 to 493.5 million barrels, compared to analysts ’expectations in a Reuters poll for a fall of 2.6 million barrels.
PHOTO FILE: Equipment used to process carbon dioxide, crude oil and water is seen at the Occidental Petroleum Corp.’s improved oil recovery project in Hobbs, New Mexico, USA on May 3, 2017. REUTERS / Ernest Scheyder
NEW YORK: Crude deposits fell 6.1 million barrels a week to the end of December 25 to 493.5 million barrels, compared to analysts ’expectations in a Reuters poll for a fall of 2.6 million barrels.
Crude stock at the Cushing delivery center, Oklahoma, rose 27,000 barrels last week, the EIA said.
Fine crude running rose 273,000 barrels per day last week, the EIA said.
Refinery usage rates rose 1.4 percentage points, per week.
U.S. gasoline stock fell 1.2 million barrels per week to 236.56 million barrels, the EIA said, compared to analysts ’expectations in a Reuters poll for an increase of 1.7 million barrels.
Distillate stock, which includes diesel and heating oil rose 3.1 million barrels per week to 152.03 million barrels, compared to an expectation of an increase of 0.5 million barrels, EIA data showed.
U.S. crude imports fell last week by 764,000 barrels per day, the EIA said.
(Reporting by Jessica Resnick-Ault; Editing by Chizu Nomiyama)