U.S. crude stocks, gasoline and distillate inventories rose last week: EIA

U.S. crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1

U.S. crude oil, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.

Crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel rise.U.S. oil prices were up following the report. Brent crude futures were trading around $75.66 a barrel, up 13 cents by 10:45 a.m. EST . West Texas Intermediate crude rose about 40 cents to $72.37 a barrel.Refinery utilization rates rose by 1.4 per cent percentage points to 90.

Gasoline stocks rose by 412,000 barrels in the week to 211.3 million barrels, the EIA said, compared with analysts’ expectations for a 878,000-barrel draw. Distillate stockpiles, which include diesel and heating oil, rose by 2.9 million barrels in the week to 115.8 million barrels, versus expectations for a 1.1 million-barrel drop, the EIA data showed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globebusiness /  🏆 31. in CA

Barrel Week Barrels Cent Oil United States Gasoline Eia Cushing EIA Energy Information Administration

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘It’s our turn’: Toronto preps for its Taylor Swift era with security, traffic planSwift will perform at Rogers Centre for her sold-out Eras Tour from Nov. 14 to Nov. 16 and the following week from Nov. 21 to Nov. 23.
Read more »

ARCH Hospice’s Illuminate the Season returns later this monthThe fundraiser takes place Thursday, Nov. 14 until Sunday, Nov. 17
Read more »

City of Prince George seeks final feedback on draft Official Community PlanPublic sessions will be held at Pine Centre Mall on Nov. 13 and Nov. 20
Read more »

U.S. crude stocks, fuel inventories fell last week: EIAU.S. crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11
Read more »

Edmonton airport’s departure road, ramp reopens Thursday after year-long constructionEIA said the road will be reopened at 9 a.m.
Read more »

What's Poppin': Nov. 1, 2024Check out What's Poppin' this weekend!
Read more »